If cost variance is a positive number, it means that performing the work costs more than planned
a. True
b. False
Indicate whether the statement is true or false
False
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What problem do many small or medium-sized companies have with respect to codes of ethics that is less of a problem with larger companies?
a. a code of ethics that emphasizes punishment b. a vague code of ethics c. lacking a code of ethics d. a “lecturing” code of ethics
"Quality Is Free," meaning that the costs of poor quality have been understated, is the work of:
A) W. Edwards Deming. B) Joseph M. Juran. C) Philip B. Crosby. D) Crosby, Stills, and Nash. E) Armand Feigenbaum.
Specific performance may be available for the breach of a contract to sell A)an original painting
B)20 shares of WalMart stock. C)a Nintendo WII video game system. D)a 2007 Mustang in mint condition.
Faulks Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Container RefurbishedRevenue $5,400Employee salaries and wages$46,300 $1,200Refurbishing materials $700Other expenses$32,400 ?When the company prepared its planning budget at the beginning of August, it assumed that 23 containers would have been refurbished. However, 26 containers were actually refurbished during August.?The amount shown for total expenses in the planning budget for August would have been closest to:
A. $111,904 B. $122,400 C. $126,500 D. $128,100