A company's production department was experiencing a high defect rate on the assembly line, which was slowing down production and causing a higher waste of valuable direct materials. The production manager decided to purchase a higher grade of materials that would be more reliable. This would produce a(n) ________.
A) unfavorable direct materials cost variance
B) favorable direct labor cost variance
C) favorable direct labor efficiency variance
D) unfavorable direct materials efficiency variance
A) unfavorable direct materials cost variance
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If a company has current assets of $20,140 and current liabilities of $10,600. Its current ratio is 1.9.
Answer the following statement true (T) or false (F)
Which of the following is TRUE of a capital deficiency in the liquidation of a partnership?
A) It refers to a partnership's claim against a partner. B) It occurs when a partner's capital account has a credit balance. C) It refers to the partnership's inability to find capital. D) It occurs when a partner cannot find positive NPV projects.
The articles of incorporation may be found in the corporate charter
Indicate whether the statement is true or false
What is the customary way for the writer to sign a memorandum?
a. A handwritten signature below the message b. Handwritten initials to the right of the sender's name in the heading c. Typed name at the end of the document d. No signing necessary