The power theory of jurisprudence promotes the idea that the law is whatever the people in charge say it is
Indicate whether the statement is true or false
True
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Select the correct statement.
A. The accounting department normally coordinates the development of the sales forecast. B. The four advantages of budgeting include planning, coordination, performance measurement, and reporting. C. In a participative budgeting system, budget information flows in one direction only, from bottom to top. D. The three major categories of the master budget are operating budgets, capital budgets, and pro forma financial statements.
Compass Metal Bearings produces two sizes of metal bearings (sold by the crate)—standard and heavy. The standard bearings require $200 of direct materials per unit (per crate), and the heavy bearings require $245 of direct materials per unit. The operation is mechanized, and there is no direct labor. Previously Compass used a single plantwide allocation rate for manufacturing overhead, which was $1.55 per machine hour. Based on the single rate, gross profit was as follows:
Although the data showed that the heavy bearings were more profitable than the standard bearings, the plant manager knew that the heavy bearings required much more processing in the metal fabrication phase than the standard bearings, and that this factor was not adequately reflected in the single plantwide allocation rate. He suspected that it was distorting the profit data. He suggested adopting an activity-based costing approach.
Working together, the engineers and accountants identified the following three manufacturing activities and broke down the annual overhead costs as shown below:
Engineers believed that metal fabrication costs should be allocated by weight and estimated that the plant processed 12,000 kilos of metal per year. Machine processing costs were correlated to machine hours, and the engineers estimated a total of 380,000 machine hours f
Form W-4 is a form used by employers to determine the amount of federal taxes to withhold from their employees
Indicate whether the statement is true or false
According to adaptive leadership theory, who solves technical and adaptive challenges?
A. employees B. leaders and followers C. leaders D. the organization