Sulema, Inc. repairs and refinishes antique furniture. Manufacturing overhead at Sulema is applied to production on the basis of standard direct labor-hours. Which overhead variance(s) at Sulema would be unfavorably affected if a significant amount of glue is being wasted by inexperienced direct labor workers?
A. fixed manufacturing overhead volume variance
B. variable overhead rate variance
C. variable overhead efficiency variance
D. fixed manufacturing overhead budget variance
Answer: B
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Balerio Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows:??Average Cost per Unit?Direct materials$6.80?Direct labor$3.20?Variable manufacturing overhead$1.60?Fixed manufacturing overhead$13.50?Fixed selling expense$2.25?Fixed administrative expense$1.80?Sales commissions$0.50?Variable administrative expense$0.40Required:a. For financial reporting purposes, what is the total amount of product costs incurred to make 9,000 units?b. If 10,000 units are sold, what is the variable cost per unit sold?c. If 10,000 units are sold, what is the total amount of variable costs related to the units sold?d. If the selling price is $18.20 per unit, what is the contribution margin
per unit sold?e. What incremental manufacturing cost will the company incur if it increases production from 9,000 to 9,001 units? What will be an ideal response?
Barnett and McKendrick argue that differences in competitive performance within an industry can be attributed to ______ such as ______.
a. external phenomena/wars b. networks/governments c. organizational attributes/firm size d. events/sponsorships
Which of the following statements is true of the corporate form of business?
A) The board of directors sets policy for the corporation and appoints the officers. B) Changes in the ownership of stock has a negative effect on the continuity of the corporation. C) Any stockholder may commit the corporation to a contract. D) It is easy for stockholders to lodge an effective protest against management.
Mobile technologies are creating what is often considered pervasive, and some say invasive, computing
Indicate whether the statement is true or false