The present value of a future sum increases as either the discount rate or the number of periods per year increases, other things held constant.
Answer the following statement true (T) or false (F)
False
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When a manufacturing company has a highly automated manufacturing plant producing many different products, which of the following is the more appropriate basis of applying manufacturing overhead costs to work in process?
a. direct labor hours b. direct labor dollars c. machine hours d. cost of materials used
Retailers can control the extent of impulse purchases through effective use of displays
Indicate whether the statement is true or false
The antifraud provisions of the 1934 Act would prohibit which of the following?
A) Lying about the value of the firm's assets to sell stock B) Disclosing that the firm has discovered oil on its property in order to sell stock C) Telling about the bad health of the CEO in a transaction to purchase stock D) Not disclosing the salaries of secretaries of a large firm whose stock is being sold
The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4poundsStandard price$13.20per pound?The following data pertain to operations concerning the product for the last month: Actual materials purchased 4,800poundsActual cost of materials purchased$62,880 Actual materials used in production 4,300poundsActual output 700units?The direct materials purchases variance is computed when the materials are purchased.?What is the materials quantity variance for the month?
A. $15,982 U B. $16,104 U C. $6,550 U D. $6,600 U