The overhead variance is least likely to be
A) Nonexistent (actual overhead equals applied overhead) B) underapplied
C) overapplied
D) immaterial
E) underapplied and material
A
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Which of the following statements about strategy and strategic positioning is false?
A. Many customers with broad needs can be a source of strategic position. B. A company has to choose not only what strategy to follow but what strategy not to follow. C. Few customers with broad needs can be a source of strategic position. D. Strategy involves creating a "fit" among activities. E. Few customers with narrow needs can be a source of strategic position.
Which of the following stages in a buying sequence will result in a specific option or set of options from which price, delivery, system compatibility, and other characteristics can be determined?
A) determine the characteristics B) establish specifications C) search for and qualify potential suppliers D) request proposals
The Morris Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $180,000 . At the time of acquisition, Morris paid $12,000 to have the assets appraised. The appraisal disclosed the following values: Land .................................................. $120,000 Buildings ............................................. 80,000 Equipment
............................................. 40,000 What cost should be assigned to the land, buildings, and equipment, respectively? a. $64,000, $64,000, and $64,000 b. $90,000, $60,000, and $30,000 c. $96,000, $64,000, and $32,000 d. $120,000, $80,000, and $40,000
David is a director on a board of a corporation that is covered by the federal securities laws. He buys 1,000 shares of stock in the corporation based upon information he has received as a director. The purchase is:
A) valid provided no fraudulent statements were made to the person from whom he purchased the shares. B) invalid. C) voidable regardless of whether a public announcement was made. D) valid provided the purchase occurred after a public announcement of the information.