Waste on the production line will result in an unfavorable materials price variance.
Answer the following statement true (T) or false (F)
False
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The production schedule is
a. the expected demand for the firm's finished goods for a given year b. the formal plan and authority to begin production c. a description of the type and quantity of raw materials and subassemblies used to produce a single unit of finished product d. the sequence of operations during manufacturing
Alumbat Corporation has $800,000 in debt outstanding, and pays an interest rate of 10 percent annually on its bank loan. Alumbat's annual sales are $3,200,000, its average tax rate is 40 percent, and its net profit margin on sales is 6 percent. If the company does not maintain a TIE ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result. Alumbat's currenttimes interest earnedratio is:
A. 2.4 times. B. 3.4 times. C. 3.6 times. D. 4.0 times. E. 5.0 times.
The Maine Oyster Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,820 0 12,820 820 F 12,000 Sales Revenue $62,740 $1,300 U $64,040 $3,950 F $60,090 Variable Costs 27,540 620 U 26,920 $1,620 U 25,300 Contribution Margin $35,200 $1,920 U $37,120 $2,330 F $34,790 Fixed Costs 34,240 230 U 34,010 $0 34,010 Operating Income/(Loss) $960 $2,150 U $3,110 $2,330 F $780 Which of the following statements would be a correct analysis of the flexible budget variance for sales revenue? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs
_____ is a negotiation tactic that involves taking a time out
a. Silence b. Venue c. Caucus d. Take-it-or-leave-it e. Low ball