Which department is least likely to be involved in the revenue cycle?
a. credit
b. accounts payable
c. billing
d. shipping
B
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Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000,
$60,000, and $70,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs into Department 2 during the period for direct materials is: A) Work in Process--Department 2 100,000Materials 100,000 B) Work in Process--Department 2 50,000Materials 50,000 C) Work in Process--Department 2 150,000Materials 150,000 D) Materials 50,000Work in Process--Department 2 50,000
At a canning factory, new employees are instructed to wear a certain type of uniform while working around the canning machines. The description of the uniform is very detailed and specific. Which of the following kinds of standing plans is described in this scenario?
A. ?Norms B. ?Purpose statements C. ?Policies D. ?Rules and regulations
The real payoff of driving forces is to help managers understand
A. the overall strength of the five competitive forces. B. what strategy changes are needed to prepare for the impacts of the driving forces. C. what conditions exist in the economy at large. D. the extent to which rivals have more than two competitively valuable competencies or capabilities. E. whether the industry's strategic group map will be static or dynamic.
MFN stands for "most favored nation" status under GATT
Indicate whether the statement is true or false