When Black and Decker introduced a new form of wrench with the name "Black and Decker Adjustable Wrench," which was being used?
A) family brand
B) cooperative brand
C) flanker brand
D) complementary brand
A
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A small nation places a tariff of $1000.00 on automobiles. If 40 autos are imported, the government collects $40,000 in duties. This is a calculation of the
a. redistributive effect. b. protective effect. c. revenue effect. d. consumption effect.
A concise affirmation of a firm's long-term purpose is known as its
A. organizational directive. B. executive summary. C. long-range plan. D. marketing plan. E. mission statement.
Diamond Plywood, Inc., manufactures four types of plywood panels. Each product must go through the following operations: patching, grading, gluing, and baking. The time in hours required for each operation for each panel, the total capacity available for each these operations in a given month, as well as the minimum production requirements and the profit contributions per panel are given in the following table. Based on this information, at the optimal production point what is the quantity of aircraft plywood panels that Diamond Plywood will produce?
a. 850
b. 300
c. 350
d. 200
Fils Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In ProcessFinished GoodsCost of Goods SoldTotalDirect materials$4,080 $12,780 $59,940 $76,800 Direct labor 2,110 11,360 53,280 66,750 Manufacturing overhead applied 2,820 7,990 36,190 47,000 Total$9,010 $32,130 $149,410 $190,550 Manufacturing overhead for the month was underapplied by $4,000.The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month
in those accounts.The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for March would include the following: A. credit to Cost of Goods Sold of $149,410 B. credit to Cost of Goods Sold of $3,080 C. debit to Cost of Goods Sold of $3,080 D. debit to Cost of Goods Sold of $149,410