Miller and Baker formed a partnership and purchased a cycle shop. The name of the new business cannot be "Miller Cycle Shop" because the name of the partnership must include the names of both partners if it includes the name of one partner
a. True
b. False
Indicate whether the statement is true or false
False
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When we measure the perceptions, attitudes, and preferences of consumers, we are not measuring the object but some characteristic of it
Indicate whether the statement is true or false
Operational improvements that reduce lot sizes can dampen the bullwhip effect by
A) decreasing the uncertainty of demand during the lead time. B) decreasing the amount of fluctuation that can accumulate between any pair of stages of a supply chain. C) discouraging retailers from artificially inflating their orders in the case of a shortage. D) allocating the available supply based on past retailer sales.
Njombe Corporation manufactures a variety of products. In the past, Njombe has been using a traditional costing system in which the predetermined overhead rate was 150% of direct labor cost. Selling prices had been set by multiplying total product cost by 200%. Sensing that this system was distorting costs and selling prices, Njombe has decided to switch to an activity-based costing system for manufacturing overhead costs that uses the three activity cost pools listed below. Selling prices are still to be set at 200% of unit product cost under the new system. Information on these cost pools for next year are as follows: Activity Cost PoolActivity MeasureEstimated ActivityEstimated Overhead Cost?Machine SetupsNumber of setups400$150,000 ?Quality ControlNumber of
inspections1,500$180,000 ?Other OverheadMachine hours30,000$480,000 ?? Information (on a per unit basis) related to three popular products at Njombe are as follows: Model #19Model #36Model #58Direct material cost$400 $540 $310 Direct labor cost$810 $600 $220 Number of setups 2 3 1 Number of inspections 1 3 1 Number of machine hours 4 8 10 Under the traditional costing system, what would be the selling price of one unit of Model #36? A. $2,536 B. $4,080 C. $2,712 D. $5,506
The formula for Coca-Cola is:
a. patented b. copyrighted c. in the public domain d. trade dress e. none of these