Which of the following statements is correct?
A. Companies often provide products and services that have both common and unique characteristics, so they may use a blend of job order and process costing.
B. Companies always use job order costing unless it is prohibitively expensive.
C. Companies must choose to use either job order costing or process costing; there is no overlap between the two systems.
D. Companies always use process costing unless it is prohibitively expensive.
Answer: A
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Who among the following is most likely to recognize actions as unethical?
a. Rebecca has noticed that most of her colleagues often use office supply for personal use. b. Jason has noticed that all his managers agree that it is okay to plagiarize to a small extent. c. Sarah's organization does not provide any guidelines on ethical behavior. d. David has noticed for the first time a colleague misrepresenting data in a report.
A revenue variance is unfavorable if the revenue in the static planning budget is less than the revenue in the flexible budget.
Answer the following statement true (T) or false (F)
Useful ratios for benchmarking a firm's capital structure include
A) the Debt ratio. B) Times Interest Earned ratio. C) EBITDA coverage ratio. D) all of the above.
What are expenses and fees paid to secure a real estate transaction such as appraisal fees, title insurance and other upfront costs?
A) PMI B) Closing costs C) Selling Cost D) Buyer's Cost E) Housing Expense