Sometimes a rise of only 10 percent in consumer demand can cause as much as a 200 percent rise in business demand for products for the next period. This is an example of ________
A) inelastic demand
B) direct purchasing
C) fluctuating demand
D) derived demand
E) a straight rebuy
C
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Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 195000 Compute the variable overhead efficiency variance. a. $50000 (F) b. $50000 (U) c. $40000 (F) d. $30000 (U)
A company produces 1000 packages of cat food per month. The sales price is $3.90 per pack. Variable cost is $1.60 per unit, and fixed costs are $1700 per month. Management is considering adding a vitamin supplement to improve the value of the product. The variable cost will increase from $1.60 to $1.70 per unit, and fixed costs will increase by 20%. The company will price the new product at $7 per pack. How will this affect operating income?
A) Operating income will decrease by $2660 per month. B) Operating income will remain unchanged. C) Operating income will decrease by $1060 per month. D) Operating income will increase by $2660 per month.
If an employee breaches an employment contract, the employer can recover the costs incurred to
replace the employee plus any increase in salary paid to the new employee in excess of what would have been paid to the old employee. Indicate whether the statement is true or false
The preliminary parts and addenda are considered part of the body of a report
Indicate whether the statement is true or false