All of the following services require extensive personalization except:
A. financial services.
B. legal services.
C. medical services.
D. accounting services.
Answer: A
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The variance of a sample was reported to be 144. The report indicated that 
= 7200. What is the sample size?
A. 49 B. 50 C. 51 D. 52
Why would a firm prepare pro forma financial statements?
a. to ascertain whether operations will generate sufficient cash flows to finance expenditures on long-term assets or whether the firm will need to borrow more b. to analyze the effect of a change its product lines or pricing policies and the impact on rates of return. c. to project future financial statement amounts for an acquisition target to ascertain the price it should pay d. all of the above e. none of the above
The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 units during May were as follows: Standard: 25,000 hours at $10 $250,000 Actual: Variable factory overhead 202,500 Fixed
factory overhead 60,000 What is the amount of the factory overhead controllable variance? A) $10,000 favorable B) $2,500 unfavorable C) $10,000 unfavorable D) $2,500 favorable
Average-cost pricing is a method for determining the price of an offering by adding a standardized markup on top of the costs for the offering.
Answer the following statement true (T) or false (F)