Ongoing naïve listening is more of an attitude than a strategy
Indicate whether the statement is true or false
True
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A major disadvantage of the ________ approach to budgeting is that firms who allocate a random dollar amount to the promotion mix guarantee virtually nothing except that the money will be spent.
Fill in the blank(s) with the appropriate word(s).
External proposals are written to sell a new service or product to an audience outside your company
Indicate whether this statement is true or false.
All of the following are examples of secondary data sources EXCEPT
A. library sources. B. government databases. C. previously published marketing studies. D. company cost data. E. a phone survey this month of past customers.
Woodhead Inc. manufactures one product. It does not maintain any beginning or ending inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. Its standard cost per unit produced is $37.45. During the year, the company produced and sold 24,400 units at a price of $47.40 per unit and its selling and administrative expenses totaled $92,000. The company does not have any variable manufacturing overhead costs. It recorded the following variances during the year: Materials price variance$8,760FMaterials quantity variance$550ULabor rate variance$27,885ULabor efficiency variance$17,200FFixed manufacturing overhead budget variance$17,400FFixed manufacturing overhead volume
variance$18,900FWhen the company closes its standard cost variances, the Cost of Goods Sold will increase (decrease) by: A. ($33,825) B. $36,300 C. ($36,300) D. $33,825