The direct labor efficiency variance is the difference between standard hours allowed and actual hours worked for good units produced, multiplied by the standard labor rate
Indicate whether the statement is true or false
True
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A control that may be implemented to ensure all sales that occur are recorded in the general ledger includes which of the following?
a. Use of prenumbered shipping, invoice and sales documents. b. Use of prenumbered statements, inventory lists and credit memos. c. Reconciliation of invoices with customer statements. d. Use of pre-authorized price lists.
For a reward system to be effective, it must be perceived as fair and equitable.
Answer the following statement true (T) or false (F)
Assume you are the marketing consultant for your university, which wants to focus its marketing efforts on retention of current students. You have a choice of segmenting the undergraduate student market on either a geographic or psychographic basis. What is the difference between the two? Which would you recommend, and why?
What will be an ideal response?
[The following information applies to the questions displayed below.] Singleton Company's perpetual inventory records included the following information:Date Number of units and unit costTotal costJanuary 1Beginning inventory200 units @ $7.00$1,400 March 4Purchase150 units @ $8.00$1,200 September 28Purchase350 units @ $9.00$3,150 Number of units sold during the year: 520 If Singleton uses the FIFO cost flow method, its cost of goods sold would be $4,490.
Answer the following statement true (T) or false (F)