Structured English can be more complex if blocks of (instructions) are ________ within each other to show hierarchy
A) nested
B) grouped
C) selected
D) placed
A
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The controller at Business Services Consulting needs new computers for the accounting department. However, there are no guidelines specifying whether the controller can approve purchases of office equipment. Which internal control procedure needs strengthening?
A) assignment of responsibilities B) competent, reliable, and ethical personnel C) separation of duties D) documents
The labor yield variance measures the loss or savings that came about because actual hours were either more or less than standard hours allowed
Indicate whether the statement is true or false
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first
department for the month is closest to: A. $40.03 B. $48.47 C. $44.58 D. $46.16
Empowerment is important in organizations today because
A. management has changed. B. employees' jobs have become less challenging. C. the role of technology has increased. D. labor unions are growing. E. employees are more concerned about pay.