A contract for a work of art is a personal contract
Indicate whether the statement is true or false
True
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A product ________ is a group of products linked through usage, customer profile, price points, and distribution channels.
A. core B. mix C. form D. line E. cycle
The depreciation method that does not use residual value in calculating the first year's depreciation expense is
A) straight-line B) units-of-production C) double-declining-balance D) none of the above
Moreland Manufacturing Inc Moreland Manufacturing Inc produces and sells stainless steel faucets. In the current year, the company had budgeted for the production and sale of 6,000 faucets but, due to unexpected demand, 7,000 faucets were actually produced and sold. Each faucet has a standard requiring 15 ounces of direct material at a cost of $.40 per ounce and 15 minutes of assembly time at a
cost of $.20 per minute. Actual costs for the production of 7,000 faucets were $41,359.50 for materials (106,050 ounces purchased and used @ $.39 per ounce) and $21,560 for labor (98,000 minutes @ $.22 per minute). Refer to the Moreland Manufacturing Inc information above. Moreland's direct labor efficiency variance is: A) $1,600 U. B) $1,400 F. C) $2,100 U. D) $2,100 F.
During the ________ phase of the phase-gated process questions such as "Were project scope objectives met?" and "Were project cost and schedule met?" are addressed.
Fill in the blank(s) with the appropriate word(s).