Which of the following statements is incorrect?
A. A predetermined overhead rate is calculated using actual cost and volume data.
B. A predetermined overhead rate is calculated by dividing costs by volume, using a measure of volume such as direct labor hours or direct materials cost.
C. A company may need to allocate overhead costs to products to make pricing decisions for the products.
D. A predetermined overhead rate may be used to allocate overhead costs when volume varies during the year.
Answer: A
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Conventional industry practice would have the project paid ________
A) after all deliverables had been received by the client B) just before all deliverables will be sent to the client C) at the midpoint and at the end D) whenever the client's accountants agree to send payment E) in three parts due at the beginning, mid-point, and the end
Peter noticed that Jacob’s work has been slipping. Jacob has been coming to work late and turning in projects after deadlines. When asked, Jacob simply said that he was sorry for being late and would try to do better. After a week with no improvement, Peter called Jacob into his office and asked if Jacob was aware of the employee assistance program that is free for Jacob to use. Peter was providing _________ to Jacob.
A. coaching B. counseling C. conduct training D. discipline E. monitoring
"Quick, Mr. Simmons, Teresa is in the lobby, shouting at a customer!" said Lonnie. Rushing to intervene, Ralph Simmons demanded that Teresa return to her office immediately. "Mr. Crenshaw, I'm very sorry. Please, allow me to escort you to our executive suite, and I will straighten this out." When the manager deals with an angry employee and an insulted customer, he is performing in the role of
A. monitor. B. disturbance handler. C. resource allocator. D. negotiator. E. liaison.
In recent years Constable Inc. has suffered losses, and its stock currently sells for only $0.50 per share. Management wants to use a reverse split to get the price up to a more "reasonable" level, which it thinks is $25 per share. How many of the old shares must be given up for one new share to achieve the $25 price, assuming this transaction has no effect on total market value?
A. 47.50 B. 49.88 C. 50.00 D. 52.50 E. 55.13