Which of the following consists of determining which sales prospects have a recognized need, buying power, receptivity, and accessibility?

Sheldon Company manufactures only one product and uses a standard cost system. During the past month, manufacturing operations for the company had the following variances: direct labor rate variance = $55,500 favorable; direct labor efficiency variance = $74,000 unfavorable. Sheldon allows 4 standard direct labor hours per unit produced, and its standard direct labor hourly pay rate is $50. During the month, the company used 20% more direct labor hours than the standard allowed for the output achieved.

What was the direct labor flexible-budget (FB) variance for the month (rounded to the nearest dollar)?

Your bank may offer a line of credit, a credit card, or a link to your savings account to cover transactions when you overdraw your account

Indicate whether this statement is true or false.