Jobs are ranked according to their due dates, and the job that has the earliest due date is processed first and completed in ______.
A. shortest processing time
B. earliest due date
C. longest processing time
D. critical ratio (CR)
B. earliest due date
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State two specific functions or jobs that should be segregated in the cash receipts system
An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside the entity violates:
A. One's reliability obligation B. The due care principle C. Confidentiality D. Public interest obligation
A company uses the following standard costs to produce a single unit of output. Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct labor efficiency variance for the month was:
A. $1,200 unfavorable B. $2,450 unfavorable C. $3,650 favorable D. $1,200 favorable E. $2,450 favorable
Only individuals not corporations are entitled to voluntary bankruptcy
Indicate whether the statement is true or false