Explain the term "cost driver" and give several examples
A cost driver is an allocation base that is used to assign overhead costs to products. There should be a direct correlation between the cost driver and overhead costs in that the cost driver should cause overhead to be incurred. For example, if the company experiences a rise in overhead costs as direct labor hours goes up, direct labor hours could be the cost driver. Other possible cost drivers often used in product costing include machine hours and direct labor costs.
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________ are products that are customized only at the very end of the manufacturing process
Fill in the blank with the appropriate word.
GlaxoSmithKline plc. of Great Britain makes Breathe-Right nasal strips. It sells the same product in many countries because customers all over the world will use them in the same way. This is an example of which type of global marketing product and promotion strategy?
A. product adaptation B. product customization C. product integration D. product extension E. product invention
Consider a one-period binomial model of 6 months. Assume the stock price is $45.00,
? = 0.20, r = 0.06 and the stock's expected return is 12.0%. What is the discount rate for a $45.00 strike European call option (Y)? A) 38.2% B) 39.1% C) 42.5% D) 45.6%
Solange is the first one at work every day, the last one to leave, does not need a lot of direction, and can be relied on to finish any project given to her. You would describe her as
A. conscientious. B. aware of her training needs. C. goal oriented. D. having basic skills. E. reaping the benefits of training.