In some states, the courts will treat a corporation as a legal corporation despite a defect in its formation.
Answer the following statement true (T) or false (F)
True
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Only the lowest levels of management can be evaluated using budgets
Indicate whether the statement is true or false
A project life span is
A) a progression through a series of differing stages of project development. B) the total of the phases through which a project passes from the time it is initially conceived until the time it is either in use as a success or abandoned as a failure. C) often used to explain changes in project strategic decision priorities, changes in project strategic outlook, and their effect on organizational structure and perceptions of organizational effectiveness criteria. D) all of the above.
Elite Brands Company uses standard costs for its manufacturing division
Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data: Production volume 6,000 units Budgeted variable overhead costs $13,500 Budgeted direct labor hours 610 hours At the end of the year, actual data were as follows: Production volume 4,100 units Actual variable overhead costs $15,200 Actual direct labor hours 505 hours How much is the standard cost per direct labor hour for variable overhead? A) $22.13 per direct labor hour B) $32.93 per direct labor hour C) $26.73 per direct labor hour D) $24.92 per direct labor hour
Use open-ended (yes/no) questions when you need quick clarification on a point. _________________________
Answer the following statement true (T) or false (F)