Lucas Company has set standards for the manufacturing of clay pots to be 2 pounds of direct materials, per pot, at a cost of $3 per pound. During the current period, 600 pounds of direct materials were purchased for $1842 . All of the direct materials were used to manufacture 295 pots. Lucas's direct materials price variance was
a. $72 (U).
b. $42 (U).
c. $72 (F).
d. zero.
B
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Some theorists have proposed a model that focuses on studying consumer goals as a way to explore attitude formation. According to this model, what consumers believe they have to do to attain their goals would also be part of any evaluation of attitudes. Which of the following theories would be most closely linked to the statements above?
A) theory of reasoned action B) theory of trying C) theory of direct response D) rejection theory
Key differences between U.S. GAAP and IFRS regarding deferred taxes include all of the following except:
A. reporting of deferred taxes on the balance sheet. B. use of the asset-liability approach. C. uncertain tax positions. D. reconciliation of statutory and effective tax rates.
Which of the following is an appropriate performance measure for a company whose corporate goal is to deliver quality products to its customers?
A. on-time delivery B. ability to respond to last-minute order changes C. proximity to the buyer’s premises D. delivery of defect-free products to the buyer
In 2017, it came to light that in order to meet its demanding profit target, Wells Fargo put such pressure on its employees to hit sales quotas that many employees responded by fraudulently opening customer accounts. Characterize Wells Fargo's corporate culture. How did its culture undercut its strategy execution effort? What lessons about the importance of culture to the strategy execution effort can be learned from this situation?
What will be an ideal response?