Which of the following items would not be included on a balance sheet?
A) Balances owed on your utility bills
B) Balances owed on your credit card(s)
C) Mortgage payment paid
D) Automobile loan balance
E) Student loan balance
Answer: C
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Which of the following should be included in the acquisition cost of a piece of equipment?
a. installation costs b. transportation costs c. testing costs prior to placing the equipment into production d. all of these
Pascal is a customer-service representative who handles phone inquiries. He has a goal of handling 12 calls per hour. When he gets a customer with a complex situation, he tends to become short with that person to keep the call short. This is an example of
A. indirect blindness. B. overvaluing outcomes. C. ill-conceived goals. D. the slippery slope. E. motivated blindness.
Ravena Labs., Inc. makes a single product which has the following standards:Direct materials: 2.5 ounces at $20 per ounceDirect labor: 1.4 hours at $12.50 per hourVariable manufacturing overhead: 1.4 hours at 3.50 per hourVariable manufacturing overhead is applied on the basis of standard direct labor-hours. The following data are available for October:•3,750 units of compound were produced during the month. •There was no beginning direct materials inventory. •Direct materials purchased: 12,000 ounces for $225,000. •The ending direct materials inventory was 2,000 ounces. •Direct labor-hours worked: 5,600 hours at a cost of $67,200. •Variable manufacturing overhead costs incurred amounted to $18,200. •Variable manufacturing overhead applied to products: $18,375. The
materials quantity variance for October is: A. $12,500 Favorable B. $52,500 Favorable C. $12,500 Unfavorable D. $52,500 Unfavorable
An example of a query language used for posing queries to a database is:
A) SQL. B) ASP. C) XML. D) PHP.