Ideal standards generally yield favorable variances
Indicate whether the statement is true or false
F
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A seller contracts to sell some rare coins to a collector for $10,000, to be delivered two months
after the date of the contract. On the date that delivery is due, the coins are worth $12,000 but the seller refuses to deliver. The collector acquires similar coins the following week for $13,000, the best price he can find. What can the collector recover from the seller? A) $3,000 B) $2,000 C) $5,000 D) Nothing, because she chose to enter into a separate contract for the purchase of coins from another seller E) $1,000
The administrative, marketing, and manufacturing operations that many international firms, multinational firms, and transnational firms have around the world are often called
A. departments. B. outlets. C. holding companies. D. markets. E. divisions.
What is a market?
What will be an ideal response?
Gamach Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $104.50 per unit. Sales volume (units) 5,000 6,000Cost of sales$295,000 $354,000Selling and administrative costs$186,000 $202,800 The best estimate of the total monthly fixed cost is:
A. $481,000 B. $518,900 C. $556,800 D. $102,000