Poorly trained workers could have an unfavorable effect on which of the following variances? Labor Rate VarianceMaterials Quantity VarianceA)YesYesB)YesNoC)NoYesD)NoNo
A. Choice A
B. Choice B
C. Choice C
D. Choice D
Answer: C
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Where corporate activities cause injury or economic damage to others, the officer in charge, but not the directors, may be held liable.
Answer the following statement true (T) or false (F)
The following labor standards have been established for a particular product: Standard labor hours per unit of output 3hoursStandard labor rate$12per hourThe following data pertain to operations concerning the product for the last month: Actual hours worked 6,700hoursActual total labor cost$80,200 Actual output 2,200 unitsRequired:a. What is the labor rate variance for the month?b. What is the labor efficiency variance for the month?
What will be an ideal response?
Management by exception directs the management's attention to important differences between the actual and the budgeted amounts
Indicate whether the statement is true or false
Zheng Sen's Chinese Take-Out had earnings before interest and taxes of $4,000,000 last year
The firm has a marginal tax rate of 40 percent and currently has the following capital structure: (a) Calculate the firm's after-tax return on equity (ROE) and earnings per share (EPS). (b) If the firm retires $4,000,000 of preferred stock using the proceeds from an equal increase in long-term debt, what would have been the after-tax return on equity (ROE) and earnings per share (EPS)? (c) If the firm retires $4,000,000 of preferred stock using the proceeds from the sale of 500,000 shares of common stock, what would have been the after-tax return on equity (ROE) and earnings per share (EPS)?