Ram 1

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What is an example of a nominal-is-best quality characteristic?
A. The time required to complete a project (from the perspective of the organization)
B. The test score of this test.
C. The cost of a car repair (from the perspective of the car owner).
D. None of the above

Which type of budgeting utilizes employees at all levels of the company?
Group budgeting
Selective budgeting
Target budgeting
Participative budgeting

Standard costs are useful for all but which of the following?
Determining actual costs
Preparing budgets and forecasts
Evaluating the performance of workers and management
Helping to develop appropriate selling prices

ABC Trucking, conducted an analysis of employee job satisfaction and turnover, and concluded that its turnover rate was 48%. This was primarily attributed to job dissatisfaction by employees. This represents a(n) __________ for ABC.
external force for change
social and political pressure
technological advancements
internal force for change
Accounting for managers

Peter M Dell Co purchased equipment for $510,000 which was estimated to have a useful life of 10 years with a salvage value of $10,000 at the end of that time. Depreciation has been entered for 7 years on a straight line basis. In 2008 it is determined that the total estimated life should be 15 years with a salvage value of $5,000 at the end of that time.

Instructions
a.) Prepare the entry if any to correct prior years depreciation.
b.) Prepare the entry to record depreciation for 2008.