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1.) Normal standards
| | A. | reflect optimal performance under perfect operating conditions. |
| | B. | are efficient and attainable. |
| | C. | can lower the morale of the workforce. |
| | D. | will stimulate workers to improve eficiencies. |
2.) Smart Manufacturing budgeted costs for 50,000 linear feet of block are:
| Fixed manufacturing costs | $60,000 per month |
| Variable manufacturing costs | $300,000 |
Smart installed 40,000 linear feet of block during March. How much is budgeted total manufacturing costs in March?
3.) A project with a negative net present value indicates that
| | A. | the rate of return equals management's minimum acceptable rate of return. |
| | B. | the rate of return is less than management's minimum acceptable rate of return. |
| | C. | the calculation was done incorrectly. |
| | D. | the rate of return is greater than management's minimum acceptable rate of return. |
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