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Accounting

1. Toy produces a product that requires 10 standard labor hours at 5 /HR. iF Toy produces 1,000 units and uses 10,000 direct labor hours, the labor efficiency variance is

10,000

50,000

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

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91525792

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