The main function of vertical reports is to contribute to management control
Indicate whether the statement is true or false
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Benefit Pillow Company projected sales of 79,000 units for the year at a unit sales price of $12.00. Actual sales for the year were 73,000 units at $14.00 per unit. Variable costs were budgeted at $4.00 per unit, and the actual variable cost was $5.00 per unit. Budgeted fixed costs totaled $375,000 while actual fixed costs amounted to $415,000. What is the flexible budget variance for operating income?
A) $209,000 unfavorable B) $33,000 favorable C) $33,000 unfavorable D) $73,000 favorable
Which of these terms refers to a style of learning?
a. kinesthetic b. chronological c. cause-and-effect d. spatial
Which of the following job evaluation methods is based on job class descriptions into which jobs are categorized?
A. alternation ranking method B. point method C. paired comparison method D. classification method E. simple ranking method
Nerdo Computers had an insurance policy on its premises, for which it paid a premium of $525 per year. It found a new broker who offered a much lower rate, so it wrote to its current broker to cancel its existing policy
The broker replied that there would be a $100 cancellation fee. Which of the following facts or arguments would help Nerdo avoid having to pay the fee? A) If the fee is not mentioned in the contract B) If the fee can be characterized as a penalty C) If the fee is not a genuine pre-estimate of damages. D) Both B and C E) All of the above