Reference no: EM131202474
1. For product-costing purposes, which of the following statements is true?
a. Under the absorption or full-costing approach it is necessary to "unitize" fixed overhead costs.
b. The amount of standard fixed overhead costs for product-costing and for control purposes is the same.
c. Only standard variable overhead costs are included since these costs change in response to cost drivers.
d. Standard costing is not permissible under generally accepted accounting principles (GAAP).
e. Total fixed overhead costs are applied to production (output) as a "lump-sum" amount.
2. The "risk-averse" manager will be improperly biased to:
a. Seek out decisions with uncertain outcomes.
b. Make risky decisions.
c. Avoid decisions with uncertain outcomes.
d. Maximize his or her own risk and minimize the company's risk.
e. Use resources beyond his/her control.
|
How does one determine that one has a false positive result
: When treated with Duquenois reagent, the extract of a suspect substance turned gray. How could you tell whether the substance contained marijuana, tobacco, or tea leaves ?
|
|
Analyse ratios in conjunction with additional information
: Analyse the ratios in conjunction with the additional information and identify implications for the audit and any particular audit steps that need to be undertaken to reduce audit risk. For example, if there was a worsening inventory turnover, one..
|
|
Determine the budget for the department-uses flexible budget
: Flexible Budgeting At the beginning of the period, the Grinding Department budgeted direct labor of $81,000 and property tax of $46,000 for 4,500 hours of production. The department actually completed 5,800 hours of production. Determine the budget f..
|
|
Find the molar absorptivity of the complex
: Use the data from Owens and Yoe's paper to find the formula of the complex. In all solutions, CAI = 3.7 X 10-5 M, and all measurements were made in 1.00-cm cells.
|
|
The risk-averse manager will be improperly biased to
: For product-costing purposes, which of the following statements is true? The "risk-averse" manager will be improperly biased to:
|
|
What is the machines net present value
: Rayburn Industries is evaluating the investment of $132,700 in a new packing machine that should provide annual cash operating inflows of $28,460 for6 years. At the end of 6 years, the packing machine will be sold for $4,740. Rayburn’s required rate ..
|
|
Explain the three raster display technologies
: Using a well labeled sketch explain the construction and principle of operation of a LCD , PLASMA , CRT display.- Explain the three raster display technologies.
|
|
Compute refined departmental overhead rates
: Walters Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $1,100,000. Of this?amount, the Machining Department incurs $680,000 ?(primarily for machi..
|
|
Describe your career experiences
: Teacher Leader Concentration. Describe your career experiences. How would this experience contribute to your "use of self" as a leader who practices coaching?
|