What costs are called as period costs?
a. Nonmanufacturing costs
b. Manufacturing costs
c. Direct material
d. Indirect materials
a
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Elkhorn, Inc., which has excess capacity, received a special order for 4,000 units at a price of $15 per unit. Currently, production and sales are anticipated to be 10,000 units without considering the special order. Budget information for the current year follows. Sales$190,000 Less: Cost of Goods Sold 145,000 Gross Margin$45,000 Cost of goods sold includes $30,000 of fixed manufacturing cost. If the special order is accepted, the company's income will:
A. increase by $2,000. B. decrease by $14,000. C. increase by $14,000. D. decrease by $2,000. E. None of the answers is correct.
A lessee under a consumer lease and a buyer under a sale of goods are provided with the same protections against unconscionability under the UCC
a. True b. False Indicate whether the statement is true or false
Kelly Drake, marketing manager for Find-Ur-Way global positioning systems, is testing the marketing mix for one of her company's new products. The product was introduced in two different markets with different prices and packages. This suggests the new product is in the ________ step of the new-product development process.
A. screening B. idea generation C. development D. idea evaluation E. commercialization
The final selling duty for most successful salespeople is closing the sale.
Answer the following statement true (T) or false (F)