The following statements relate to the acquisition of materials. (1) A materials requisition is completed after materials have been received by the production department (2) The buyer prepares a purchase order to ask for goods to be supplied Are the statements true or false? Statement 1 is false and statement 2 is true Both statements are false Both statements are true Statement 1 is true and statement 2 is false Which of the following is/are the MAIN benefits of spreadsheets to the work of management accountants? (1) The ability to embed files produced using word processing software (2) Linking of spreadsheets so that changes in data automatically feed from one page to another (3) The facility to perform 'what if' calculations 2 and 3 only 1,2 and 3 1 and 2 only 3 only An employee has a normal working week of 40 hours paid at a basic rate of $10 per hour. Hours in excess of normal are paid at a premium of 30%. In a particular week the employee worked for 44 hours. Tax is payable at 20% of gross wages and benefit contributions for the employee for the week were as follows: The employee's net pay for the week was $336.60. What was the employee's gross pay for the week? $498.25$452.00$478.32$492.00