Since the controllable variance measures the efficiency of using variable overhead resources, if budgeted variable overhead exceeds actual results, the variance is favorable
Indicate whether the statement is true or false
True
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Eric Mason, an employee of Huntington Steelworks, is responsible for defining product specifications and providing relevant information for evaluating alternatives in his organization's buying center
Eric, whose opinions affect the buying decisions of his organization to a great extent, is most likely a(n) ________. A) user B) influencer C) decider D) gatekeeper E) buyer
[The following information applies to the questions displayed below.]On January 1, Year 1, Hanover Corporation issued bonds with a $70,500 face value, a stated rate of interest of 8%, and a 5-year term to maturity. The bonds were issued at 97. Hanover uses the straight-line method to amortize bond discounts and premiums. Interest is payable in cash on December 31 each year.The journal entry used to record the issuance of the bond and the receipt of cash would be:
A.
| Cash | 68,385 | |
| Discount on Bonds Payable | 2,115 | |
| Bonds Payable | 70,500 |
B.
| Cash | 70,500 | |
| Bonds Payable | 70,500 |
C.
| Cash | 70,077 | |
| Discount on Bonds Payable | 423 | |
| Bonds Payable | 70,500 |
D.
| Cash | 70,500 | |
| Discount on Bonds Payable | 423 | |
| Bonds Payable | 70,077 |
An aggregate planner requires information on constraints. Which of the following is one of the typical constraints for an aggregate planner?
A) Inventory holding cost B) Labor/machine hours required per unit C) Stockout or backlog cost D) Limits on overtime
Given two statistically dependent events (A,B), the conditional probability of P(A|B) = P(B)/P(AB)
Indicate whether the statement is true or false