A budget does not
A) require thinking and planning.
B) require an evaluation of your current financial position.
C) help you account for all your income and expenses.
D) require the preparation of a will.
Answer: D
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Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead efficiency variance. Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unitActual direct labor hours 81,500 hrs.Budgeted units 42,000 unitsActual finished units produced 40,000 unitsStandard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unitStandard fixed OH rate ($336,000/42,000 units)$8.00 per unitActual cost of variable overhead costs incurred$1,140,000 Actual cost of fixed overhead costs incurred$338,000
A. $21,450 favorable. B. $4,000 favorable. C. $21,450 unfavorable. D. $14,300 unfavorable. E. $4,000 unfavorable.
Since the introduction of the iPhone, a booming market for smartphone apps has emerged. It is most accurate to say that this new opportunity was created through changes in the ________ environment.
A. political and legal B. competitive C. technological D. economic E. sociocultural
An appropriate reward is one that
A) is much bigger than previous rewards the person has received. B) does not create an addiction to rewards. C) is effective for the individual involved. D) puts a worker in a good mood.
Jacob often manipulates charges on his travel expenses to indicate higher amounts when he travels for the company he works for. Trent, the accounts manager, accepts fake bills and assists Jacob in deceiving the company. They split the profits made this way. This is an example of theft by:
A. adverse possession. B. employee nonfeasance. C. employee collusion. D. vendor fraud.