Relocation is the most common way to use downward moves for employee development.
Answer the following statement true (T) or false (F)
False
The temporary cross-functional move is the most common way to use downward moves for employee development.
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The entry to replenish the petty cash fund for $250 of various minor expenses would include a
A) debit to Petty Cash for $250. B) debit to Cash for $250. C) credit to Petty Cash for $250. D) credit to Cash for $250.
Answer the following statements true (T) or false (F)
1. Managers should look at any variance that is significant. 2. A direct labor efficiency variance is favorable if laborers actually work more hours than the flexible budget calls for to produce the actual quantity of output. 3. A direct labor cost variance is unfavorable if the employer pays workers more per hour than budgeted. 4. When investigating variable overhead variances, management needs to determine whether cost increases were controllable or if the cost standard needs to be updated. 5. In a standard cost system, the standard overhead allocation rate replaces the predetermined overhead allocation rate but the concept is the same.
Based on the information in Table 4-1, the debt ratio is
A) 32.6%. B) 24.1%. C) 55.2%. D) 45.0%.
Which of the following actions do not cause an impropriety in job costing?
A. Charging costs to the wrong job. B. Choosing to use normal costing rather than actual costing. C. Choosing an allocation method based on the results rather than choosing the method based on resource usage. D. Misstating the stage of completion.