In single-user databases, the application, the database management system (DBMS), and the database all reside on a user's computer
Indicate whether the statement is true or false
TRUE
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Loss on sale of patent
a. Balance Sheet—Property, Plant, and Equipment b. Balance Sheet—Intangible Assets c. Balance Sheet—Current Assets d. Balance Sheet—Other Assets e. Income Statement—Operating Section f. Income Statement—Other Revenue and Expense Section g. Statement of Cash Flows
The format of the direct materials budget is similar to that of the:
a. Factory overhead budget. b. Sales budget. c. Production budget. d. Direct labor budget.
What term do Torrington et al. (2008) use to refer to a relationship between HR and business strategy where HR is the key strategic decision-maker within the organisation:
a. HR-directed b. HR-driven c. holistic d. HR-dominated
Tomlison Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 5,100 units, but its actual level of activity was 5,150 units. The company has provided the following data concerning the formulas to be used in its budgeting: Fixed Element per Month Variable Element per UnitRevenue - $42.40 Direct labor$0 $7.70Direct materials 0 15.40Manufacturing overhead 46,800 1.20Selling and administrative expenses 21,000 0.40Total expenses$ 67,800 $ 24.70The direct materials in the flexible budget for October would be closest to:
A. $77,708 B. $79,310 C. $78,540 D. $79,239