Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 5.0grams$7.00per gramDirect labor 0.30hours$21.30per hourVariable manufacturing overhead 0.30hours$9.60per hour?The company has reported the following actual results for the product for June: Actual output 8,500unitsRaw materials purchased 48,100gramsActual price of raw materials$7.70per gramRaw materials used in production 42,490gramsActual direct labor-hours 2,300hoursActual direct labor rate$21.70per hourActual variable overhead rate$9.80per hour?The variable overhead rate variance for the
month is closest to:
A. $460 F
B. $460 U
C. $510 U
D. $510 F
Answer: B
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Indicate whether the statement is true or false
When savers invest through financial intermediaries, they are said to engage in
A. direct finance. B. indirect finance. C. a secondary market. D. a tertiary market.
Sonic Shack, an audio equipment retailer, signs an agreement with PineWire, a renowned electronics company, to sell PineWire products
The deal requires Sonic Shack to provide PineWire products with superior displays, shelf space, and promotion compared to competing products. Sonic agrees to these terms as PineWire products command a huge share in the market. Which of the following types of channel arrangements do PineWire and Sonic Shack most likely have? A) administered vertical marketing system B) corporate vertical marketing system C) indirect marketing system D) wholesaler franchise system E) horizontal marketing system
Reasons for creating administrative agencies include:
a. Congress lacks the time to address all of the areas that it controls. b. Congress lacks the necessary expertise in all of the areas it controls. c. Congress does not have the power to regulate certain areas. d. Both that Congress lacks the time to address all of the areas that it controls and that Congress lacks the necessary expertise in all of the areas it controls.