Fourlotts Inc. is a renowned technological firm. It manages many strategic business units (SBUs) in which each SBU:
A. has its own return on investment.
B. shares the same goals and employs the same strategies as Fourlotts Inc.
C. plans collaboratively with Fourlotts Inc.'s other SBUs.
D. refrains from performing manufacturing functions.
Answer: A
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The practice of taking overhead costs previously in a single indirect cost pool and separating them into a number of homogeneous cost pools with separate cost drivers for each pool is:
a. Peanut-butter costing. b. Process costing. c. Activity based costing. d. Job costing.
Eco-Eliminator Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 41,000 fl. oz. of chemicals were started in production. Of these, 32,000 fl. oz. were completed, and 9000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted-average method is used.
At the end of January, the equivalent unit data for the Mixing Department were as follows:
In addition to the above, the cost per equivalent unit were $1.80 for direct materials and $5.25 for conversion costs. Using this data, calculate the cost of the units that were transferred out of the Mixing Department and into the Refining Department.
A) $168,000
B) $110,400
C) $225,600
D) $57,600
The example used in the textbook about Brian Stevens at the tractor assembly plant discussed a problem with which type of team?
a. Cross-functional team b. Self-managing team c. Problem-solving team d. Virtual team
Which of the following is an example of "pure risk"?
A) The risk associated with holding a portfolio of stocks and bonds B) The risk associated with a bet on a horse race C) The risk associated with a change in careers D) The risk associated with fire and theft