Which of the following is a limitation of using a financial approach to evaluate information systems?
A) inability to measure ROI
B) inability to control vendor costs
C) inability to assess risk
D) inability to assess costs from organizational disruption
E) inability to assess the cost of technology
D
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Expenses that fall outside the regular operations of a business are ________.
A) generally a substantial part of net income B) recorded in the Retained Earnings account C) included under the other income and expenses section of the income statement D) not considered for the calculation of net income
The following data for November have been provided by Mazzio Corporation, a producer of precision drills for oil exploration: Budgeted production 4,000drillsStandard machine-hours per drill 8.4machine-hoursStandard indirect labor$9.40per machine-hourStandard power$2.90per machine-hour Actual production 4,300drillsActual machine-hours 36,530machine-hoursActual indirect labor$362,756 Actual power$97,693 Required:Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U). Show your work.
What will be an ideal response?
If sales are $820,000, variable costs are 58% of sales, and operating income is $260,000, what is the contribution margin ratio?
A) 53.1% B) 42% C) 62% D) 32%
The development of a plan for converting a product idea into an actual product is called
a. product design. b. design planning. c. planning horizon. d. research and development. e. operational planning.