A discount loan by the Fed to a bank causes a(n) ________ in reserves in the banking system and a(n) ________ in the monetary base

Which of the following terms describes a company wide effort to continuously improve the way people, machines, and systems accomplish work?

A. Business reengineering B. Total quality management C. High-performance work system D. Optimal performance system E. Performance management

Atlace Manufacturing uses a standard cost system

Standards for direct materials are as follows: Direct materials (pounds per unit of output) 3 Cost per pound of direct materials $4 The company plans to produce 3,000 units and has purchased 12,000 pounds of direct materials at a net cost of $43,200. What is the journal entry to record this transaction? A) Raw Materials Inventory (12,000 pounds x $4/pound) 48,000 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $3.60/pound) 43,200 B) Raw Materials Inventory (12,000 pounds x $4/pound) 48,000 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $3.60/pound) 43,200 C) Raw Materials Inventory (12,000 pounds x $3.60/pound) 43,200 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $4/pound) 48,000 D) Raw Materials Inventory (12,000 pounds x $3.60/pound) 43,200 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $4/pound) 48,000