The weighted average method combines prior-period work and cost with current-period work and costs
Indicate whether the statement is true or false
true
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Vertical disintegration is said to occur when:
a. a company decides to exit industries either forward or backward in the industry value chain to its core industry. b. a company takes advantage of another company it does business with after the other company has made an substantial investment in assets to meet the needs of the company. c. a company decides to acquire its suppliers and distributors. d. a company uses its capital resources to purchase its competitor. e. a company decides to sell its business model to another company.
Managing individuals in organizations is a task made difficult by the fact that everyone is ____________?
a. Similar b. An employee c. Different d. Difficult
Hayward Inc Hayward Inc produces a unique item. Hayward's management team wishes to perform a variance analysis on its fixed overhead. Fixed overhead is applied to units produced using direct labor hours as its cost driver. The company's managerial accountant has compiled the following information: Projected data: Estimated direct labor hours 50,000 hours Estimated fixed overhead $75,000 Actual
data: Actual production 104,000 units Actual direct labor hours used 52,000 hours Actual fixed overhead $80,000 Refer to the Hayward Inc information above. Hayward's fixed overhead spending variance is: A) $2,000 F. B) $2,000 U. C) $5,000 F. D) $5,000 U.
Which of the following economists first associated the "risk-bearing" activity in the economy with the entrepreneur?
a. Peter F. Drucker b. Robert C. Ronstadt c. Jean Baptiste Say d. Richard Cantillon