A small self-service store that is open long hours and carries a narrow product assortment in convenient locations is best described as a
A. discount store.
B. department store.
C. convenience store.
D. supermarket.
E. category killer.
Answer: C
You might also like to view...
In a four-variance method analyzing factory overhead, the fixed factory overhead spending variance measures:
a. The difference between the actual fixed factory overhead and budgeted fixed factory overhead. b. The difference between actual fixed factory overhead and the amount of fixed factory overhead applied to production. c. The difference between budgeted fixed factory overhead and the amount of fixed factory overhead applied to production. d. The difference between the actual hours and standard hours allowed multiplied by the standard fixed factory overhead rate.
A debit balance in Deferred Income Taxes is classified as
a. a liability. b. revenue. c. an asset. d. an expense.
Who is best known for integrative conflict resolution?
a. Emily Fayol b. Mary Parker Follett c. Emily Mayo d. Lillian Gilbreth
32 Degrees, Inc., a manufacturer of frozen food, began operations on July 1 of the current year. During this time, the company produced 140,000 units and sold 140,000 units at a sales price of $125 per unit. Cost information for this period is shown in the following table:Production costs? Direct materials$13.00 per unit Direct labor$6.00 per unit Variable overhead$2,100,000 in total Fixed overhead$3,220,000 in totalNon production costs? Variable selling and administrative$91,000 in total Fixed selling and administrative$458,000 in totala. Prepare 32 Degree's December 31st income statement for the current year under absorption costing.b. Prepare 32 Degree's December 31st income statement for the current year under variable costing.
What will be an ideal response?