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Non-value added time in the manufacturing cycle includes: Select all that apply. A. Queue time B. Move time C. Inspection time D. Process time E.

Non-value added time in the manufacturing cycle includes: Select all that apply. A. Queue time B. Move time C. Inspection time D. Process time E. Wait time To increase ROI, a company may: Select all that apply. A. Decrease expenses B. Increase expenses C. Decrease sales D. Decrease operating assets E. Increase operating assets F. Increase sales An investment project will be accepted if the internal rate of return of the project is less than the required rate of return. True False Match the following variances to the formula used to calculate the variance Materials Price Variance Labor Efficiency Variance Labor Rate Variance Materials Quantity Variance A. SP(AQ-SQ) B. AQ(AP-SP) C. AH(AR-SR) D. SR(AH-SH) 2 points Save Answer First Question Previous Question Question 19 of 32 Next Question Last Question Unsaved change Moving to another question will save this response. When computing the annual net cash inflow needed to calculate the payback period, deprecation is _____ (added to or subtracted from ) net operating income. These methods of capital budgeting consider the time value of money. Select all that apply. A. net present value B. internal rate of return C. simple rate of return D. payback method A _______ (flexible or static) budget is useful for planning purposes but will not assist in evaluating how well costs are controlled. A fixed cost is never relevant when a company must choose between making a part for a product or buying that part from an outside supplier. True False In an effort to reduce costs, some companies are laying off higher paid, experienced workers and replacing them with lower paid, less experienced workers. The likely effect on the labor variances immediately following the replacement of experienced workers is: Labor Rate Variance Labor Efficiency Variance A) Unfavorable No effect B) Favorable Unfavorable C) Unfavorable Favorable D) No effect Unfavorable Option A Option B Option C Option D Eight Corporation will be making a capital purchase at the beginning of 2018. The cost of the equipment being purchased is $310,750. The equipment, which will be used in the company's manufacturing plant, will have a useful life of 10 years and no salvage value. Additional annual net cash inflows as a direct result of the equipment purchase will be $55,000. The internal rate of return on this capital purchase is _______. A. 12% B. 8% C. 10% D. 14% Arrange the following Master Budget schedules in the order in which they would be prepared: Budgeted balance sheet Sales budget Summary cash budget Cash receipts budget Purchases budget Budgeted income statement Cash disbursements budget

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