Accounting standards codification TM reorganizes the accounting pronouncements into approximately 90 accounting topics
Indicate whether the statement is true or false
T
You might also like to view...
______ is a system that integrates operations and inventory control with complex ordering and scheduling.
a. Materials requirement planning b. Just-in-time inventory c. Economic order quantity d. Enterprise resource planning
Which type of retailer has a high proportion of merchandise space to selling space?
a. full-service specialty store b. supermarket c. warehouse store d. gas station
A supervisor threatens an employee's job unless the employee grants him sexual favors. This amounts to _____ sexual harassment
a. quid pro quo c. both a and b b. hostile work environment d. neither a nor b
Klingshirn Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for December.??Fixed Element per MonthVariable Element per Customer ServedActual Total for December?Revenue?$5,400$126,800?Employee salaries and wages$44,500$1,300$73,400 ?Travel expenses?$600$13,400?Other expenses$41,900?$42,700When the company prepared its planning budget at the beginning of December, it assumed that 25 customers would have been served. However, 23 customers were actually served during December.Required:Prepare a performance report showing the company's activity and revenue and spending variances for
December. Indicate in each case whether the variance is favorable (F) or unfavorable (U). What will be an ideal response?