In a small business, the process layout requires more movement of material or people, and requires a larger inventory than a product layout.

Answer the following statement true (T) or false (F)


True

Business

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When total anticipated factory overhead is $100,000 and budgeted direct labor hours are 40,000, what is the predetermined factory overhead rate if it is based on direct labor hours?

a. $4.00/hour; b. $2.50/hour; c. $0.40/hour; d. $0.25/hour; e. none of these

Business

Which of the following statements is true of Chapter 13 of the Bankruptcy Code?

A. It does not help debtors to overcome their financial difficulties. B. It encourages extensions of credit. C. It reduces the amount of time allowed to repay debts. D. It permits reductions of debts.

Business

The assets in a defined benefit pension plan will usually not equal the liabilities of the plan, resulting in an overfunded or underfunded plan

Indicate whether the statement is true or false

Business

Customer acceptance documents are an output of this phase

A) conceptualization B) analysis design/development C) implementation execution testing D) launch termination closure

Business