A polycentric pricing policy permits subsidiary managers to establish prices
Indicate whether the statement is true or false
TRUE
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Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.4grams$2.00per gramDirect labor 0.5hours$20.00per hourVariable overhead 0.5hours$7.00per hourThe company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The variable overhead efficiency variance for January is:
A. $1,540 U B. $1,540 F C. $1,496 F D. $1,496 U
List and describe the four grand strategies.
What will be an ideal response?
The "main purpose" doctrine comes into play when the primary object of the contract is to provide an economic benefit to the surety
Indicate whether the statement is true or false
The phrase "general liability" is used to refer to the legal liability of a business arising from all of the following EXCEPT
A) employees injured on the job. B) defective products. C) liability assumed by contract. D) completed operations.