Trent was the production manager at HGB, Inc Under his supervision, HGB filled in an area of wetlands on the company's property without a permit. Has Trent violated the law? What penalties might he face?
Trent has violated the law. The Clean Water Act prohibits any discharge of dredge and fill material into wetlands without a permit. Those who violate environmental laws are liable for civil damages. In addition, some statutes, such as the Clean Water Act, the Resource Conservation and Recovery Act, and the Endangered Species Act, provide for criminal penalties, including imprisonment. Trent violated the Clean Water Act so he may face criminal penalties and/or imprisonment.
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The shape and color of a product may be protected by trademark law
a. True b. False Indicate whether the statement is true or false
Basil Tooling uses a standard cost system to account for the costs of its one product. Standards are 4 sheets of ½-inch steel at $110 per sheet and 14 hours of labor at a standard wage rate of $13. During July, Basil Tooling produced 600 units. Materials purchased and used totaled 2,540 sheets at a total cost of $268,850. Payroll totaled $112,930 for 8,770 hours worked. Calculate the:a. direct materials price variance.b. direct materials quantity variance.c. direct labor rate variance.d. direct labor efficiency variance.
What will be an ideal response?
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Answer the following statement true (T) or false (F)