Suppose that the United States eliminates its tariff on steel imports, permitting foreign-produced steel to enter the U.S. market. Steel prices to U.S. consumers would be expected to
a. increase, and the foreign demand for U.S. exports would increase.
b. decrease, and the foreign demand for U.S. exports would increase.
c. increase, and the foreign demand for U.S. exports would decrease.
d. decrease, and the foreign demand for U.S. exports would decrease.
b. decrease, and the foreign demand for U.S. exports would increase.
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A combination compensation plan is the most effective method for motivating sales personnel to escalate their selling efforts.
Answer the following statement true (T) or false (F)
Which of the following is not true of a fashion merchandise category?
A. The change of colors and styles can make the basic product fashion merchandise. B. New products are continually introduced into these categories. C. It consists of items that are only in demand for a relatively short period of time. D. Forecasting sales for this category is simplistic and predictable. E. The introduction of new products makes the existing products obsolete.
A sustaining innovation can be ______.
A. radical B. done only infrequently C. targeted toward potential future markets D. difficult to introduce
Miguez Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 2.3liters$7.00per liter$16.10 Direct labor 0.7hours$22.00per hour$15.40 Variable overhead 0.7hours$2.00per hour$1.40 The company budgeted for production of 2,600 units in September, but actual production was 2,500 units. The company used 5,440 liters of direct material and 1,680 direct labor-hours to produce this output. The company purchased 5,800 liters of the direct material at $7.20 per liter. The actual direct labor rate was $24.10 per hour and the actual variable overhead rate was $1.90 per hour.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed
when the materials are purchased.The variable overhead efficiency variance for September is: A. $140 U B. $140 F C. $133 U D. $133 F