Which of the following costs would most likely be classified as variable, assuming the account analysis method is used to determine cost behaviors?
A. Supervisory salaries.
B. Indirect materials.
C. Building occupancy costs.
D. Equipment maintenance.
Answer: B
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If current assets amount to $62,000, total assets $350,000, current liabilities $31,000, and total liabilities $125,000, then the current ratio is
a. 0.5 to 1 b. 2.0 to 1 c. 2.8 to 1 d. 3.0 to 1
When faced with a make-or-buy decision, managers need which item of information about making?
A) Variable costs of making the item B) Need for additional machinery C) Incremental fixed costs D) All of these choices
Supply chain management can reduce the processing time for an organization to obtain raw materials
Indicate whether the statement is true or false
______ is the process of accessing product designs that will take advantage of the current environmental situation and enhancing how well a company’s products perform with renewable resources.
A. Sustainability B. Accountability C. Responsibility D. Principles