When using management by exception, which of the following variances would not affect the production manager?
A) direct materials efficiency
B) variable overhead efficiency
C) direct labor cost
D) direct labor efficiency
C
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Only 20 percent of the Fortune 500 companies are incorporated in Delaware
Indicate whether the statement is true or false
On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $78,000 of raw materials. During November, $95,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,000.Prepare journal entries to record these events. Use those journal entries to answer the following questions: The credits to the Manufacturing Overhead account as a consequence of the raw materials transactions in November total:
A. $95,000 B. $92,000 C. $3,000 D. $0
Following are some of the county's governmental funds. The county has asked you to determine is any of the funds listed should be classified as major funds based on the GASB size criteria. Clearly indicate which fund(s) you believe should be classified as major and provide support for your choice(s). General FundSpecial Revenue FundDebt Service FundTotal of allGovernmental FundsTotal of allGovernmental & Enterprise FundsAssets12,000,0001,000,000500,00015,000,00021,000,000Liabilities3,000,000250,00030,0004,580,0005,890,000Revenues10,000,000600,0001,450,00013,770,00017,123,000Expenditures/Expenses9,859,000725,0001,300,00013,460,00016,665,000
What will be an ideal response?
A $2 million deposit earns 7 percent for 13 years. If the account earns 9 percent per year forever after that, how long will it take to grow to $5 million?
A. 0.26 year B. zero; the account exceeds $5 million after 13 years C. 0.43 year D. 1.18 years