Why should predetermined overhead rates be used?
Predetermined overhead rates should be used for three reasons: (1) to assign overhead to Work in Process during the production cycle instead of at the end of the period; (2) to compensate for fluctuations in actual overhead costs that have no bearing on activity levels; and (3) to overcome problems of fluctuations in activity levels that have no impact on actual fixed overhead costs.
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Which of the following cash budget equations is incorrect?
A. Period one ending cash balance = period two beginning cash balance B. Cash payments + cash receipts = cash requirements C. Beginning cash + cash receipts = total cash available D. Cash payments + cash cushion = total cash needed
The income statement of a company that provides a service only will contain gross margin
Indicate whether the statement is true or false
Which of the following would be an effective persuasive technique for a manager attempting to persuade her employees to take part in a wellness program?
A) Reminding employees that they may be passed up for promotions if they don't participate B) Making employees feel guilty for not using the benefit C) Using warm words and a conversational tone D) All of these can be effective persuasive techniques.
Sending a text message to thank your interviewer is acceptable in today's fast-paced and digital workplace environments
Indicate whether the statement is true or false