The sum of the labor rate and labor efficiency variances will always add up to the total labor variance
Indicate whether the statement is true or false
True
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The face rate is also called the nominal or stated rate
a. True b. False Indicate whether the statement is true or false
Managers should under no conditions take actions that increase their firm's risk relative to the market, regardless of how much those actions would increase the firm's expected rate of return.
Answer the following statement true (T) or false (F)
Research on the effects of team norms shows that:
a. Teams perform better when they have strong norms. b. Strong norms can reduce management’s ability to influence the team. c. Norms typically lead to centralized power within the team. d. Norms reduce conformity.
Ahlheim Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingAssemblyMachine-hours 16,000 15,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$102,400$55,200Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $4.50 During the current month the company started and finished Job T924. The following data were recorded
for this job: Job T924:FormingAssemblyMachine-hours 70 20Direct labor-hours 30 40Direct materials$870$385Direct labor cost$630$840The estimated total manufacturing overhead for the Assembly Department is closest to: A. $55,200 B. $82,200 C. $47,700 D. $27,000