A formal ____________________ is a document that analyzes findings, draws conclusions, and makes recommendations intended to solve a problem
Fill in the blank(s) with correct word
report
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The static budget, at the beginning of the month, for Divine Décor Company, follows:
Static budget: Sales volume: 1500 units; Sales price: $70.00 per unit Variable costs: $32.00 per unit; Fixed costs: $38,000 per month Operating income: $19,000 Actual results, at the end of the month, follows: Actual results: Sales volume: 990 units; Sales price: $75.00 per unit Variable costs: $35.00 per unit; Fixed costs: $33,000 per month Operating income: $6600 Calculate the flexible budget variance for sales revenue. A) $6980 U B) $6980 F C) $4950 U D) $4950 F
According to Elton Mayo’s Hawthorne studies, treating people well and meeting their needs often resulted in ______.
a. greater profits b. better problem solving c. lower turnover d. increased performance
A fair value hedge
a. is a derivative instrument acquired to hedge exposure to changes in the fair value of an asset or liability. b. must be revalued each period and the resulting gain or loss is reflected in contributed capital each period. c. is not revalued each period with no recognition given of the resulting gain or loss in earnings. d. must be accounted for under the lower of cost or market principles. e. must be revalued each period and the resulting gain or loss is reflected in reserves for contingencies each period.
For a manufacturing company, both direct labor costs and indirect labor costs are classified as product costs.
Answer the following statement true (T) or false (F)