For exporters, which of the following is the preferred pricing method?
A. FOB
B. Ex-works
C. FAS
D. FCA
E. CIP
Answer: B
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Which of the following of Likert’s four systems of management relates to managers using rewards occasionally, but also punishment, information flow is mostly downward, and most decisions are made at the highest levels?
a. System 1 b. System 2 c. System 3 d. System 4
During July 2017, Bridgeport Enterprises recorded the following
Sales of $86,400 ($64,500 on account, $21,900 for cash) Collections on account, $58,950 Write-offs of uncollectible receivables, $2,560 Recovery of receivable previously written off, $1,000 Journalize Bridgeport's transactions during July, assuming Bridgeport uses the allowance method. What will be an ideal response
Singh Company sold 75 units @ $350 each on October 31, Year 2. The following information is also available: Beginning inventory25 units @ $175Feb. 2 purchase20 units @ $180June 15 purchase45 units @ $200Oct. 1 purchase30 units @ $220Required:a) Determine the amount of cost of goods sold using: 1) FIFO2) LIFO 3) Weighted Averageb) Determine the amount of ending inventory using: 1) FIFO 2) LIFO 3) Weighted Average
What will be an ideal response?
The management of Chung Fire Alarms has calculated the following variances
Direct materials cost variance $8,000 U Direct materials efficiency variance 40,000 F Direct labor cost variance 15,000 F Direct labor efficiency variance 13,500 U Total variable overhead variance 8,500 F Total fixed overhead variance 3,500 F What is the total direct labor variance of the company? A) $15,000 F B) $12,000 F C) $28,500 F D) $1,500 F