Today, businesses are under intense pressure to ______.
a. meet the goals of sustainability
b. employ as many people as possible to be socially responsible
c. make sure business is conducted in as many different countries as possible
d. ensure only locally available resources are used
a. meet the goals of sustainability
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______ exists when an employee is put under such extreme pressure by management that continued employment becomes intolerable and, as a result, the employee quits, or resigns from the organization.
A. Right-to-sue B. Retaliation C. Adverse employment action D. Constructive discharge
When materials are placed into production:
A. Manufacturing Overhead is debited if the materials are traced directly to the job. B. Work in Process Inventory is debited if the materials are traced directly to the job. C. Raw Materials Inventory is debited if the materials are traced directly to the job. D. Raw Materials Inventory is credited only if the materials are traced directly to the job, otherwise manufacturing overhead is credited.
Tim's Tools, a manufacturer of cordless drills, began operations this year. During this year, the company produced 20,000 units and sold 18,000 units. At year-end, the company reported the following income statement using absorption costing:Sales (18,000 × $30)$540,000 Cost of goods sold (18,000 × $14) 252,000 Gross margin$288,000 Selling and administrative expenses 90,000 Net income$198,000 Production costs per unit total $14, which consists of $12.90 in variable production costs and $1.10 in fixed production costs (based on the 20,000 units produced). 60% of total selling and administrative expenses are variable. Compute net income under variable costing.
A. $288,000 B. $307,800 C. $198,000 D. $195,800 E. $220,000
Disaffirmance must be express; it may not be implied
a. True b. False Indicate whether the statement is true or false