When multiple labor categories are used, the monetary impact of using a higher or lower number of hours than a standard allows is referred to as a labor yield variance
Indicate whether the statement is true or false
T
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Paolo is always coming up with new ideas and seeking funding to explore them. He sees opportunities in the marketplace and wants to be the first person to come up with new products and services that customers want. Paolo, a person who is apt to take initiative and persevere to influence the environment, has a(n) ______ personality.
A. proactive B. emotionally stable C. extroverted D. emotionally intelligent E. self-efficacious
When preparing to be able to best respond to questions from the audience,
A) have friendly audience members ask predetermined questions. B) offer to meet after the presentation. C) prepare extra slides and handouts that will speak for you. D) learn about the audience and their concerns ahead of time. E) establish ground rules and don't respond to those who will not follow the rules.
Meetings are left to chance with what kinds of relationships?
A. friendships B. acquaintanceships C. romances D. Internet dating E. friendly relations
Answer the following statements true (T) or false (F)
1. To calculate budgeted direct labor costs, multiply the number of units to be produced by the number of projected direct labor hours. Next, multiply that total by the actual direct labor cost per hour. 2. To calculate budgeted direct labor costs, multiply the number of units to be produced by the number of projected direct labor hours. Next, multiply that total by the average direct cost per hour. 3. The manufacturing overhead budget calculates the budgeted overhead cost for the year and also the predetermined overhead allocation rate for the year. 4. The manufacturing overhead budget calculates the budgeted overhead cost for the year, but not the predetermined overhead allocation rate for the year. 5. In preparing the master budget, the manufacturing overhead is the last period cost to consider.