The variable to be predicted is the dependent variable
Indicate whether the statement is true or false
TRUE
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Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 2 pound per unit; $12 per pound Direct labor: 2 hours per unit; $16 per hour Oceanside produced 3000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 6500 pounds of direct materials and actual total materials costs were $99,600. What is the direct materials cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $9960 Unfavorable B) $9960 Favorable C) $21,580 Unfavorable D) $21,580 Favorable
U.S. Steel Corp. is a well-known steel manufacturing company. SAMCROW, one of the customers of U.S. Steel Corp. holds an RFM score of 111. Which of the following characteristics relates SAMCROW with its RFM score?
A. SAMCROW has ordered recently and orders frequently, but it orders the least expensive goods. B. SAMCROW has not ordered anything for a while, but when it did order in the past, it ordered frequently, and its orders were of the highest monetary value. C. SAMCROW has not ordered anything for a while and it did not order frequently, but when it did order, it bought the least expensive items. D. SAMCROW has ordered recently, but orders infrequently, and it orders the most expensive goods. E. SAMCROW has ordered recently and orders frequently, and it orders the most expensive goods.
You have just been hired as the new Assistant Human Resources Manager at your firm, having worked your way up from the factory floor to the administrative suite. During your briefing for the new job, you are told that the firm has learned that its employees are attempting to unionize, a move which the firm has vowed to fight. As part of that effort, your boss, the HR Manager, has asked you to
privately talk to some of your former co-workers on the factory floor to see what their thinking is, to learn about how many are in favor of unionizing, who, specifically, is supporting it, and what might make them change their minds. Among the things they want to know is what would work better – threats of reprisals against those supporting a union, or promises of benefits to those who oppose it. You are eager to do well at your new job, but you see some problems with these requests. Of the following choices, what should you do? a. do as they ask; none of it is illegal b. tell them you can't do what they ask because it is illegal c. tell them you would be glad to talk informally with your former co-workers to find out their attitudes about unionization and why this has come up, but that speaking about reprisals and benefits would be an unfair labor practice
In a mixed contract involving both goods and services, Article 2 of the UCC will govern if the predominant purpose is the sale of goods
Indicate whether the statement is true or false