It is necessary to know the budgeted number of unit sales to prepare production budget
Indicate whether the statement is true or false
True
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A business objective should include a specific time frame for achieving the objective
Indicate whether the statement is true or false
If sales total $2,000,000, fixed costs total $800,000, and variable costs are 60% of sales, the contribution margin ratio is 60%
Indicate whether the statement is true or false
Savannah and Tim enter into a sales contract for orchids. With respect to the specific contractual provisions set out in the UCC, Savannah and Tim may
a. agree to different terms only to a reasonable extent. b. agree to different terms unless they "get caught.". c. agree to whatever terms they wish. d. not agree to different terms.
Consider the following information: Actual direct labor hours 34,500 Standard direct labor hours 35,000 Total actual direct labor cost$241,500 Direct-labor efficiency variance$3,200?The direct-labor rate variance is:
A. $20,700U. B. $17,250U. C. $20,700F. D. $21,000F. E. None of the answers is correct.