MTT (Set 5 with answer) 1) The following is selected information from the records of Ray‚ Inc.: Purchases of raw materials $ 6‚000 Raw materials‚ beginning 500 Raw materials‚ ending 800 Work-in-process‚ beginning 0 Work-in-process‚ ending 0 Cost of goods sold 12‚000 Finished goods‚ beginning 1‚200 Finished goods‚ ending 1‚400 What is the total amount of conversion costs? a. $5‚500 b. $5‚900 c. $6‚100 d. $6‚500 ANSWER: Choice "d" is correct. Conversion costs (labor and overhead)
Premium Manufacturing Costs Marketing
1. Which of the six reasons that control is needed are apparent in this case? Explain. • Complexity of effective delivery is needed to successfully achieve the company’s goal of providing customers with the best delivery services (Kinicki & Williams‚ 2016‚ pg. 513). UPS needs to reduce the complexity of the services to reduce the risk of unexpected failures‚ such as weather changes. In addition to that‚ with the growth of the company also comes with the expansion of the level of production and product
Premium Process control Management Control system
eight months ago we entered into a contract with Citizen-Schwarz AG to create custom e-banking software. The agreed contract outlined the details of the arrangement‚ including on-schedule delivery and quality of the deliverables‚ strong communication between both parties‚ procedures for any changes in the system requirements‚ intellectual property rights‚ and dispute management procedures. Depending on our performance‚ we were projecting to gain an additional contract with C-S’s larger e-CRM order. Unfortunately
Premium Project management Contract Project manager
card has been cancelled. To make matters worse‚ the fact that her card has been cancelled is reported to a credit reporting company‚ which hurts Betty’s credit score and makes it harder for her to get credit. Does the law provide any protections for Betty? What can she do? No‚ the law does not provide protection for Betty because when a credit card account is a joint account and one spouse dies‚ the responsibility of handling that account will fall on the surviving party. Betty can protect herself
Premium Contract
costs are office rent‚ office utilities‚ advertising costs‚ etc. In a year‚ these costs can be known ahead of time and won’t need to change even if my company does more work. Variable costs are costs that can rise or fall depending on how much work I contract. Say I sign up 20 jobs this year‚ I will have to hire more employees‚ buy them trucks‚ rent them cell phones‚ and those costs will correspond to the amount of work going on‚ therefore variable. • Chapter 15: Discussion Question 16. What
Premium Costs Cost Variable cost
Chapter 14 Retention Management Turnover and Its Causes True / False Questions 1. There are several positive‚ functional outcomes of employee turnover. True False 2. Avoidable turnover is that which could have been prevented by actions like a pay raise or a new job assignment. True False 3. An employee’s perceived desirability of movement can depend on reasons that have little or nothing to do with the job. True False 4. An employee’s overall intention to quit
Premium Employment Organization Management
Law 531 Week two Law 531 Week Two Threats. The contract is agreement between two parties they find they have some to exchange; the power and commitment between two parties enforcement by the court‚ The contract have many legal details to be discussed by lawyer or expert. The contract administration‚ focus on the requirement for the services the company have to get when they sign a contract for new service or to get new products. In field like software consultant it is very complicated and
Premium Contract Breach of contract
process of associating income tax effects with the income statement components that create those effects. True False 3. Material restructuring costs are reported as an element of income from continuing operations. True False 4. Earnings quality refers to the ability of reported earnings (income) to predict future earnings. True False 5. Gains‚ but not losses‚ from discontinued operations must be separately reported in an income statement. True False
Premium Generally Accepted Accounting Principles Cash flow Income statement
Table of Contents Question Descriptions Page Question 1 Multiple Choice Questions 4 Question 2 Absorption costing and standard costing Use the information provided below to prepare the Budgeted Income Statement for the year ended 30 June 2013 using the absorption costing method 2.2.1 Calculate the direct labour efficiency variance 2.2.2 Explain 2 possible causes of an unfavourable direct labour efficiency variance 5 Question 3.1 Question 3.2 Question 3.3 Question 3.4
Premium Economics Marketing UCI race classifications
Recognizing Contract Risk and Opportunities Alen Edilersky LAW/531 – Business Law Professor Rickard D’Ambrosio February 02‚ 2009 The contract is the special document demanding careful development‚ acceptance and the control over observance of its conditions. As a rule‚ contracts consist when planned mutual relations of participants have long-term character. This long term can concern both to the process of interaction‚ and to those consequences for participants who can come as a result
Premium Contract