Which of the following is true regarding variances?
A) Unfavorable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.
B) Favorable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.
C) Unfavorable variances are always credits.
D) Favorable variances are always debits.
E) None of these are true.
A
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In the event of a material breach, the nonbreaching party is discharged from further performance under the contract
Indicate whether the statement is true or false
The following information describes a company's usage of direct labor in a recent period. The direct labor rate variance is: Actual hours used 45,000 Actual rate per hour$15.00 Standard rate per hour$14.50 Standard hours for units produced 47,000
A. $52,500 favorable. B. $29,000 favorable. C. $29,000 unfavorable. D. $22,500 unfavorable. E. $52,500 unfavorable.
The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports the total amounts of direct and indirect expenses for the four departments. Purchasing department expenses are allocated to the operating departments on the basis of purchase orders. Maintenance department expenses are allocated based on square footage. Purchasing Maintenance Fabrication Assembly Operating costs$32,000 $18,000 $96,000 $62,000 No. of purchase orders 16 4 Sq. ft. of space 3,300 2,700 Required:Compute the amount of Purchasing department expense to be allocated to Assembly.
A. $6,400. B. $9,900. C. $25,600. D. $14,400. E. $8,100.
The purposes served by application forms include all of the following EXCEPT
A. eliminating the need for interviews. B. determining if the applicant meets the minimum requirements. C. providing the basis for interview questions. D. offering sources for reference checks.