In using Excel® to solve linear programming problems, the decision variable cells represent the:
a. value of the objective function
b. constraints
c. decision variables
d. total cost of the model
c
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After the need has been determined, the next step in the buying sequence is ________ for the product or service needed
A) determining the characteristics B) establishing specifications C) searching for and qualifying potential suppliers D) requesting proposals from qualified suppliers
A ________ is a formalized examination and/or review of a company's financial records.
A. financial forecast B. financial audit C. deed D. budget
The following data is given for the Harry Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor
hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The direct labor time variance is: A) 6,000F B) 6,000U C) 33,000U D) 33,000F
Members of an LLC should have ________ that outlines responsibilities, voting rights, and the way the LLC is to be managed, at minimum
A) an operating agreement B) a partnership agreement C) articles of incorporation D) articles of partnership