When a customer calls the 800 toll-free number at L.L. Bean in Freeport, Maine, to order a new chamois shirt, the person who answers the customer's questions is a
A. technical specialist.
B. retailer's order getter.
C. retailer's order taker.
D. missionary salesperson.
E. supporting salesperson.
Answer: C
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Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct materials variance. Direct materials purchased and used 99,000 pounds Price paid for direct materials $4.00 per pound Number of good units produced 9,000 units
a. $45,000 (F) b. $45,000 (U) c. $54,000 (F) d. $99,000 (F)
Unless otherwise agreed, each partner has a vote in management affairs in proportion to his
capital contribution. Indicate whether the statement is true or false
Discount stores:
A. compete on the basis of low prices, high turnover, and high volume B. offer more SKUs than department stores C. sell high-priced, low-turnover products D. provide their customers with full service E. compete on the basis of assortment and depth
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products ABCDDirect materials $19.90$ 15.20$ 20.80 $23.20Direct labor?12.20?8.70?10.50?7.40Variable manufacturing overhead?1.60?2.10?2.00?2.10Fixed manufacturing overhead?10.80?11.90?8.80?10.70Unit product cost$ 44.50 $37.90$ 42.10 $43.40Additional data concerning these products are listed below. Products ABCDGrinding minutes per unit 1.20 0.70 0.60 0.60Selling price per unit$59.30$51.70$59.50$55.60Variable selling cost per unit$3.60$1.50$2.20$3.60Monthly demand in units 4,000 2,000 4,000 2,000The grinding machines are potentially the constraint in the production facility. A total of 9,000 minutes are available per month on these
machines.Direct labor is a variable cost in this company.Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use of the existing grinding machine capacity? (Round your intermediate calculations and final answer to 2 decimal places.) A. $0.00 B. $19.30 C. $12.20 D. $18.33