29 Jun Question 1.) Henson produces a produc
Question
1.) Henson produces a product that requires 10 standard labor hours at $5/hr. If Henson produces 1,000 units and used 10,000 direct labor hours, the labor rate efficiency variance is:
a.) $10,000
b.) $50,000
c.) 0
d.) None of the above
2.) The present value of cash flow allows an individual to assess.
a.) The value of a present cash flow
b.) The Value of a stream of cash flows in terms of the best alternative
c.) Both A and B
d.) Neither A nor B
3.) The capital expenditures budget is tied closely to the:
a.) Sales Budget
b.) Purchases budget
c.) Cash receipts budget
d.) Cash expenditures budget
4.) There is a fixed cost element in ending inventory using the absorption costing approach.
True or False
5.) The labor efficiency variance is used in activity based costing.
True or False
6.) If production equals sales and there are no beginning or ending inventories:
a.) Variable costing gives a higher net income than absorption costing
b.) Variable costing gives a lower net income than absorption costing
c.) Net income is the same under each assumption
d.) None of the above
7.) Jeremiah pays for 50% of its purchases in the month of purchase, 30% in the month after and 20% in the month after that. For a $100,000 purchase in January, what is the accounts payable with respect to this purchase at the end of February?
a.) $50,000
b.) $30,000
c.) $20,000
d.) None of the above
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.