A counteroffer is a rejection of the original offer and the simultaneous making of a new offer
a. True
b. False
Indicate whether the statement is true or false
True
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Relative to the current year, the sales manager's proposal will ________.
Alvarez Company is facing an $8 increase in the variable costs of producing one of its products for the upcoming year. As a result, the sales manager has made a proposal to increase the sales price of the product while increasing the advertising budget at the same time. The sales price increase will lower sales volume, but the other changes may help the company maintain its profit margin. Alvarez has provided the following information regarding the current year results and the proposal made by the sales manager:
A) decrease operating income by $324,000
B) increase contribution margin by $196,000
C) decrease the unit breakeven point
D) decrease operating income by $196,000
The standards for product A22G specify 8.2 direct labor-hours per unit at $11.90 per direct labor-hour. Last month 200 units of product A22G were produced using 1,700 direct labor-hours at a total direct labor wage cost of $20,060.Required:a. What was the labor rate variance for the month?b. What was the labor efficiency variance for the month?c. Prepare a journal entry to record direct labor costs during the month, including the direct labor variances.
What will be an ideal response?
The following information is available for a company's utility cost for operating its machines over the last four months. MonthMachine hours Utility costJanuary900 $5,450February1,800 $6,900March2,400 $8,100April600 $3,600Using the high-low method, the estimated variable cost per machine hour for utilities is:
A. $4.22. B. $6.00. C. $3.38. D. $6.17. E. $2.50.
In regards to benchmarking, which of the following statements is correct?
A) The two main types of benchmarks in financial statement analysis include benchmarking against prior year of the same company and benchmarking against a key competitor. B) Benchmarking is the practice of comparing a company with information provided by the Financial Standards Accounting Board. C) Risk Management Association provides common-size statements for most industries. D) It is not helpful to provide common-size percentages in a graphical manner.