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The excess of budgeted (or actual) dollar sales over the break-even dollar sales
Dollar amount= Total sales-breakeven sales
Purposes of budgeting
- COGS (sales units*cost per unit)
= Gross Margin
- SGA expenses
= net operating income
Degree of Operating Leverage
= Contribution Margin / Net Income
-measuring cost considering functional/input costs and Market/output costs
-Results in being able to know cost per product and cost to sell a product
• AnUnfavorable labor rate variance can occur if workers with high hourly wagerates are assigned to work on products whose standards assume workers with lowhourhly wage rates
• Ina standard cost system, overhead is applied on the basis of the actual level ofactivity rather than the standard level of activity allowed for the output of aperiod
• Thevolume variance for fixed overhead is an activity-related variance based on thedifference between the denominator level of activity allowed for the output ofa period
• Aproblem with directly comparing a static planning budget to actual costs isthat the comparison falls to distinguish between differences in costs that aredue to changes in activity and differences that are due to how well costs werecontrolled
• AFavorable spending variance occurs when the actual cost is less than the amountof that cost in the flex budget
• Acompany has a standard cost system in which fixed and variable manufacturing overheadcosts are applied to products on the basis of direct labor ours. The company’schoice of the denominator level of activity has no effect on the fixed portionof the predetermined overhead rate
• Therecan be no volume variance for variable overhead
Shondra willgraduate from college soon and is beginning the job search process. What shouldshe do first?
Which of thefollowing statements about employment trends in today's workplace is mostaccurate?
a.Companies today are employing more people in permanent positions.
b.Employees today can count on regular pay raises, promotions, and a comfortable retirement income.
c.Employees today must constantly upgrade their skills and retrain themselves to remain marketable.
d.Because new technologies can spring up overnight making today's skills obsolete, employers try to hire people into jobs with focused descriptions.
Employees today must constantly upgrade their skills and retrain themselves to remain marketable.
Take a summer job, internship, or part-time position in her field
Interview someone in her chosen field
Join a professional or student organization in her field
Which of thefollowing is the best way to learn about a specific career?
a.Search the Web for career-planning information and resources.
b.Take a summer job, internship, or part-time position in the field.
c.Monitor the classified ads to determine qualifications sought, duties, and salary range.
d.Visit your campus career center.
Take a summer job, internship, or part-time position in the field.
Which of thefollowing statements about searching for a job online is most accurate?
a.Searching for a job online has completely replaced traditional methods.
b.Online job boards now face competition from social networking sites.
c.The listings found on online job boards tend to be current and will generally produce many leads.
d.The percentage of hires resulting from job boards is high.
Which of thefollowing is an example of a niche employment Web site?
Which of thefollowing is a traditional job search technique?
a.Classified ads in local and national newspapers
b."Cold" calls to companies
d.All of these choices
Because itquickly reveals a candidate's education and experience most recruiters favora(n)
A chronologicalrésumé style would be best for which of the following candidates?
a.Emma, who has worked for years in the retail industry and who is now pursuing a career in health care
b.Griffin, who has held five different positions with four different companies over the past three years
c.Roxanne, who has advanced from an entry-level position to department manager for her current employer
d.Huseyin, who is afraid he will appear overqualified for the target position
Select thestatement that best describes the main heading portion of a résumé.
a.The first line of your résumé should always be the word Résumé.
b.Including a cell phone number will make your résumé look unprofessional; therefore, omit it.
c.If you have a Web site where an e-portfolio can be viewed, include the address in the main heading your résumé.
d.Include your work e-mail address so that you can be contacted more easily.
Select thestatement that best describes the career objective portion of a résumé.
a.Your career objective should focus on your professional needs.
b.A well-written career objective will add value only to functional résumés.
c.A career objective should be concise and should not include complete sentences or the pronoun I.
d.Use phrases such as entry-level to show that you're honest and humble.
Which of thefollowing is the best career objective for a résumé?
a.Seeking an entry-level position with the opportunity for advancement
b.A challenging position with a large company
c.Work as a team player for a company that values independent thinking
d.A human resources position assisting your company with employee recruitment, selection, background checks, and in-house training
Select thestatement that best describes the summary of qualifications portion of arésumé.
a.Place the summary of qualifications at the bottom of your résumé to give it a strong ending.
b.A summary of qualifications makes your résumé easier to read.
c.Recruiters and hiring managers dislike the summary of qualification section because it adds to reading time.
d.Format the summary of qualifications section as one or two concise paragraphs.
Which of thefollowing statements about the education section of a résumé is most accurate?
a.The education section should always come before the work experience section on a résumé.
b.Include a list of all college courses taken since most employers want this information.
c.Once you have attended college, you can omit high school information.
d.You must always include your GPA on your résumé.
Once you have attended college, you can omit high school information.
Which of thefollowing statements about the work experience section of a résumé is most accurate?
a.List only jobs that you think will help you win the targeted position.
b.Place your work history in chronological order by date.
c.Always place the work experience section after the education section.
d.Place your employment achievements and job duties in paragraph format.
Which of thefollowing statements about job duties will be most effective on arésumé?
a.Responsible for daily account reconciliation
b.Reconciled general ledger accounts daily
c.Reconciled general ledger accounts daily with 100 percent accuracy
d.Responsible for reconciling general ledger accounts daily
Reconciled general ledger accounts daily with 100 percent accuracy
Which of thefollowing statements uses an action verb to highlight an aptitude?
a.Competent in development of innovative and interactive Web pages
b.Developed innovative and interactive Web pages that increased traffic by 150 percent
c.Ability to develop innovative and interactive Web pages
d.Able to adapt quickly to changing work environments
Select thestatement that most accurately describes a résumé.
a.Awards and honors should not be listed on a résumé because doing so will sound as if you are bragging.
b.Because they are not related to your work experience, school and community activities should be omitted from your résumé.
c.To give a potential employer a complete picture, you should include personal information such as height, weight, and marital status.
d.Consider including hobbies or interests, such as skiing or photography, because they may catch the employer's attention or serve as conversation starters.
Consider including hobbies or interests, such as skiing or photography, because they may catch the employer's attention or serve as conversation starters.
Select thestatement that most accurately describes references.
a.Include a list of references directly on the résumé.
b.Do not include personal or character references.
c.Companies generally check references before a job interview to learn about a candidate in advance.
d.Be sure to add the statement References furnished upon request at the bottom of your résumé.
Because oftoday's technologies, you may need three versions of your résumé. Which of thefollowing is not one of these versions?
a.A traditional print-based résumé
b.A résumé that's been professionally typeset by a specialist
c.A scannable résumé
d.A plain-text résumé for e-mailing or online posting
Select the correctstatement about applying the final touches to your résumé.
a.Use personal pronouns such as I to describe your experiences on a résumé.
b.Seek the help of a résumé-writing service for a résumé that will stand out in a competitive job market.
c.Adding a touch of humor to your résumé is an effective way to demonstrate your personality to a potential employer.
d.Because it's probably the most important message you'll ever write, your résumé must be perfect.
Alberto knowsthat his résumé will be scanned. What should he do to maximize "hits"as his résumé is scanned?
Include easily recognized abbreviations and acronyms, especially those within his field
Incorporate words from the advertisement or job description
Include specific keywords that describe skills, traits, tasks, and job titles
What is the mostaccurate statement about plain-text résumés?
a.Plain-text résumés are rarely requested by employers because most employers prefer attachments.
b.A plain-text résumé can be sent in the body of an e-mail message or can be pasted into an online résumé bank submission form.
c.Scannable résumés and plain-text résumés require very different guidelines for preparation.
d.When sending a plain-text résumé via e-mail, leave the subject line blank.
a collection of digital files that gives a snapshot of the candidate's performance, talents, and accomplishments.
Dale hasdecided to prepare a video résumé. What is the best advice you can give him?
Remember that some recruiters are skeptical about video résumés; and some video résumés are ignored completely, so use with caution.
Make sure that the video résumé is professional grade.
Don't let a lack of judgment about what to include in the résumé lead to embarrassment.
Which of thefollowing is considered unethical on a résumé?
a.Misrepresenting a job title to make it sound more important
b.Extending employment dates to avoid showing periods of unemployment
c.Making your job duties sound more impressive and responsible than they really were
d.All of these choices
Which of thefollowing is a purpose of a customized cover letter?
a.To gain an interview
b.To learn more about the employer
c.To win a job offer
d.To take the place of a formal résumé
To gain an interview
The best openingfor a solicited cover letter is
a.Please consider this letter an application for the payroll manager position.
b.I am interested in applying for the payroll manager position.
c.Beneva Schulte of your accounting department suggested that I apply for the payroll manager position that is currently vacant.
d.i happened to run across your online ad for a payroll manager position and would like to apply.
Which of thefollowing statements is most accurate regarding the opening in a coverletter for an unsolicited job?
a.If you are unsure whether a position exists, use a more persuasive opening.
b.Avoid mentioning the company by name so that you can send your cover letter to numerous companies.
c.Make cover letters for unsolicited jobs longer than those for solicited jobs because you will have to provide more information about yourself.d.Be vague about the type of position you're seeking so that you might be considered for a variety of jobs.
If you are unsure whether a position exists, use a more persuasive opening.
Which is the beststatement to include in the body of a cover letter?
a.I have completed courses in cost accounting, auditing, and financial statement analysis.
b.I have excellent communication, organizational, and teamwork skills.
c.in my certificate program, I have learned the listening, conflict resolution, and communication skills that will make me immediately effective as one of your customer service reps.
d.I am the perfect person to hire for this position.
In my certificate program, I have learned the listening, conflict resolution, and communication skills that will make me immediately effective as one of your customer service reps.
Which statementin a cover letter best refers the reader to your résumé?
a.Enclosed herewith please find my résumé.
b.As you will notice from my enclosed résumé, I have over five years of customer service experience.
c.Please see my enclosed résumé.
The bestclosing statement for a cover letter is
a.I look forward to receiving your job offer.
b.I hope to hear from you at your earliest convenience.
c.i'll drop by next Friday at 10 a.m. to talk with you about this position.
d.To add to your staff an experienced bookkeeper with proven analytical skills, call me at (925) 727-1330 to arrange an interview.
To add to your staff an experienced bookkeeper with proven analytical skills, call me at (925) 727-1330 to arrange an interview.
Which of thefollowing is the best advice for a cover letter that accompanies arésumé sent via e-mail or by fax?
a.Take the time to prepare a professional cover letter to accompany your résumé sent electronically.
b.Mail the cover letter separately from the résumé sent via e-mail or fax.
c.Shorten your e-mail or fax cover letter to a brief statement such as Please consider the attached résumé for your opening.
d.Skip the cover letter as it is unnecessary to introduce yourself because the e-mail or fax includes your name.
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