The fixed asset turnover ratio measures the:
A. useful life of long-lived assets.
B. efficiency with which the investment in fixed assets produces revenue.
C. the average difference between book value and disposal value of fixed assets.
D. useful life of intangible assets.
Answer: B
You might also like to view...
Pay policies are one of the most important human resource tools for
A. persuading customers that high quality is worth a premium price. B. automating routine activities. C. reducing competition in the product market. D. encouraging desired employee behaviors. E. making decisions about product pricing.
Golden Glow Company manufactures candles. The standard direct materials quantity required to produce one large candle is 1 pound at a cost of $5 per pound. Every candle requires 2 direct labor hours at a standard cost of $3 per direct labor hour. During November, 7,200 large candles were produced using 7,500 pounds costing $45,000. At the end of November, an examination of the labor cost records showed that the company used 15,000 direct labor hours (DLHr) at a cost of $4 per hour.
Using the format below, prepare an analysis of the direct labor cost variances.
Adverse psychological effects of stress include ________.
a. absenteeism b. elevated heart rates c. boredom d. rapid speech
The conditions associated with the "labor problem" were made possible in part due to a prevailing management attitude that labor was:
A. A valued resource that should be carefully managed. B. An interchangeable and expendable factor of production. C. Fully capable of speaking out for itself. D. Protected by existing labor laws.