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NEW QUESTION 24
A company incurred the following selected costs In its manufacturing operations during the month.
- A. $21,000
- B. $20,000
- C. $22,000
- D. $23,000
Answer: C
NEW QUESTION 25
Which one of the following items is included in accumulated other comprehensive income?
- A. Foreign currency translation adjustments
- B. Gains and losses on the sale of equipment
- C. Effect of a change in accounting method
- D. Realized gains on available-for-sale securities
Answer: A
NEW QUESTION 26
The following information pertains to Wang Corporation which uses standard costing for its materials.
The following information pertains to Wang Corporation which uses standard costing for its materials.
What is me amount of the unfavorable material-related variance that would appear on a report to the production foreman?
- A. $5,600
- B. $4,000
- C. $5,000
- D. $6,000
Answer: D
NEW QUESTION 27
A manufacturing company is setting a standard number of labor hours for a product Management creates a draft standard and asks for employees' feedback. Which one of the following statements best represents the type of standard that is being set?
- A. A participative standard because the employees will more likely view the standard as reasonable.
- B. An authoritative standard because the employees helped to determine the standard
- C. A participative standard because It includes management's Input to determine the standard.
- D. An authoritative standard because management still will ensure the standard fits the strategy
Answer: A
NEW QUESTION 28
Which one of the following is not considered to be a Benefit of participative budgeting?
- A. Budget estimates are prepared by those in direct contact with various activities
- B. When managers set the final targets for the budget, it reduces top management's concerns about the profitability of operations
- C. Managers are held responsible for reaching their goals and cannot shift responsibility by blaming the unrealistic goals demanded by the budget.
- D. individuals at all organizational levels are recognized as being pan of the team resulting in greater support of the budget
Answer: B
NEW QUESTION 29
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