What type of account is increased with a debit but is a decrease to retained earnings?
a. Liability
b. Asset
c. Revenue
d. Expense
d
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The theory suggesting that rivalry between firms in an oligopolistic industry will result in firms closely following and imitating each other's international investments in order to keep a competitor from gaining an advantage is known as
A. internalization theory. B. eclectic theory. C. strategic behavior theory. D. competitive imitation theory. E. internationalization theory.
Which of the following statements correctly pairs the term with its description?
a. order winner: competitive criterion that must be present in a product for it to be a viable competitor in the marketplace b. order qualifier: competitive criterion of a product that causes a customer to choose it instead of a competitor’s product c. order winner: competitive criterion of a product that causes a customer to choose it instead of a competitor’s product d. order winner: competitive criterion of a product that causes a customer to reject it instead of a competitor’s product
Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.4grams$2.00per gramDirect labor 0.5hours$20.00per hourVariable overhead 0.5hours$7.00per hour?The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.?The variable overhead rate variance for January is:
A. $476 U B. $520 U C. $520 F D. $476 F
One of the principles of work center scheduling is that, while certainty of standards, routings, and so forth is not entirely possible in a shop, certainty should always be an objective to work toward.
Answer the following statement true (T) or false (F)