Use the information in Scenario 4.6. What action, if any, should the Burdell Labs take?
A) Do nothing—neither alternative provides a positive net present value after five years.
B) Select Alternative #1.
C) Select alternative #2.
D) Either alternative may be selected, since the positive net present values are the same after five years.
C
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Companies are more likely to modify an ERP to accommodate the company than to modify company processes to accommodate the ERP
Indicate whether the statement is true or false
The main legal systems of the world are:
a. civil law, common law and US law. b. civil law, Islamic law and common law. c. common law, civil law and Chinese law. d. common law, civil law and international law.
An industrial buying practice in which two organizations agree to purchase each other's products and services is referred to as ________.
A. a tying arrangement B. reciprocity C. exclusive dealing D. a supply partnership E. noncompetitive bidding
Neuhaus Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:InputsStandard Quantityor HoursStandard Priceor RateStandard CostDirect materials1.7gallons$7.50per gallon$12.75Direct labor0.70hours$21.50per hour 15.05Fixed manufacturing overhead0.70hours$6.00per hour 4.20Total standard cost per unit $32.00During the year, the company completed the following transactions:a. Purchased 52,900 gallons of raw material at a price of $7.60 per gallon.b. Used 46,820 gallons of the raw material to produce 27,600 units of
work in process.Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,160,000$45,900$0$67,200$757,400=a.?????=b.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$2,030,500a.???????b.???????When recording the raw materials purchases in transaction (a) above, the Raw Materials inventory account will increase (decrease) by: A. $402,040 B. $396,750 C. ($396,750) D. ($402,040)