The production manager of a company, in an effort to gain a promotion, negotiated a new labor contract with the factory employees that required them to bear a greater percentage of benefit costs than before, thus bringing down the cost of direct labor to the company. Shortly afterward, several experienced and highly skilled workers resigned, and were replaced by new employees whose work was very slow during their training period. At the end of the quarter, the company's profits fell 10%. This would produce a(n) ________.
A) unfavorable direct materials cost variance
B) favorable direct labor cost variance
C) favorable direct labor efficiency variance
D) unfavorable direct materials efficiency variance
B) favorable direct labor cost variance
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The EPA's Final Policy on Penalty Reductions encourages firms to engage in environmental self-________
A) actualization B) realization C) auditing D) reporting
The theory of constraints uses ______ performance measures to evaluate whether the effectiveness of the improvements made has enabled the system to make more money.
A. two B. three C. four D. five
Unanimous written consent of all partners is required to add new limited partners to a limited partnership, unless the partnership agreement provides otherwise
a. True b. False Indicate whether the statement is true or false
Consider the Demand for Microwave Ovens dataset. What is the total demand corresponding to random numbers 85, 69, 78, 85, 71, and 39?
a. 17
b. 18
c. 19
d. 22