An understatement of ending inventory in a period will result in an overstatement of gross margin in the next period
Indicate whether the statement is true or false
False
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The assets for the balance sheet must equal the liabilities and stockholders' equity
Indicate whether the statement is true or false
Which party bears the blame in case of an ethical breach in the supply chain?
A. suppliers B. suppliers of suppliers C. the primary firm D. distributors
Saxena Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.1hours per unitStandard direct labor rate$15.00per hourStandard cost$1.50per unitThe company budgeted for production of 2,900 units in July, but actual production was 2,800 units. The company used 250 direct labor-hours to produce this output. The actual direct labor rate was $14.10 per hour.The labor rate variance for July is: (Round your intermediate calculations to 2 decimal places.)
A. $225 F B. $252 U C. $252 F D. $225 U
When the unemployment rate is low, there are fewer qualified workers looking for jobs. This labor market condition may encourage companies to raise wages in order to recruit or retain employees.
Answer the following statement true (T) or false (F)