A new factory manager was hired for a company that was experiencing slow production rates and lower production volumes than demanded by management. Upon investigation, the manager found that the workers were poorly motivated and not closely supervised. Midway through the quarter, an incentive program was initiated, and cash bonuses were given when workers hit their production targets. Within a short time, production output increased, but the bonuses had to be charged to the direct labor budget. This could produce a(n) ________.
A) unfavorable direct materials cost variance
B) unfavorable direct materials efficiency variance
C) favorable direct labor efficiency variance
D) favorable direct labor cost variance
C) favorable direct labor efficiency variance
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Medicare taxes are paid by both the employee and the employer
a. True b. False Indicate whether the statement is true or false
Lopez Co is interested in purchasing equipment that would improve its operational efficiency. The cost of the equipment is $400,000 with an estimated residual value of $30,000 and a useful life of ten years. The equipment is expected to generate cash inflows of $60,000 a year. The company's minimum rate of return is 8 percent. The present value of $1 for ten years at 8 percent is 0.463, and the
present value of an annuity of $1 at 8 percent and ten years is 6.710. Using the above information for Lopez, the net present value of the project is A) $402,600. B) $13,890. C) $200,000. D) $16,490.
In recruiting, the acronym RJP stands for ______.
A. reasonable job preview B. realistic job performance C. realistic job preview D. reasonable job performance
Which of the following emotional reactions do Rutan et al. (2007) not point to as brought about by a group termination?
A) Mortality B) Abandonment C) Hopefulness D) Resentment