Econ Company produces widgets. Each widget sells for $120, and the company sells approximately 50,000 widgets each year. Unit cost data for the year follows: The unit cost of widgets for direct cost inventory purposes is:
a. $75
b. $45
c. $89
d. $70
d
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An advantage of target costing is:
a. it forces managers to control costs. b. it considers how much it costs to make a product before setting the selling price. c. it includes all manufacturing costs. d. it is useful in the decision to keep inventory. e. None of the answers are correct.
Renata needs to fill an open position in her department. In what situation should she use the nine-box grid?
A. If she wants to avoid a glass-ceiling audit B. If she wants to promote from within C. If she wants to recruit minorities D. If she needs to fill an entry-level position
Garry drives a truck as an employee for Heavy Hauling, IncGarry would most likely be considered acting outside the scope of her employment if he
a. crashed into a car at the airport while off duty. b. hit a pedestrian in a parking lot during a "working" lunch. c. ran over an attendant at a gas station while refueling the truck. d. smashed into a store-front while intoxicated on-duty.
Jack borrowed $2,000 from his friend, Jill. Jack signed a promissory note agreeing to repay the $2,000 in twelve equal monthly installments beginning next month. After making the first payment, Jack made no further payments. After repeated efforts to collect the money, Jill sent Jack a letter threatening to sue him for breach of contract if the loan was not repaid. Jill's letter:
a. is duress. b. is undue influence. c. is fraud since she probably will not sue him anyway. d. is legally permissible.