Slack
a. is the difference between the left and right sides of a constraint.
b. is the amount by which the left side of a ? constraint is smaller than the right side.
c. is the amount by which the left side of a ? constraint is larger than the right side.
d. exists for each variable in a linear programming problem.
b
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What is psychographic segmentation, and how do marketers use it in targeting different world markets?
What will be an ideal response?
Answer the following statements true (T) or false (F)
A company has two different products that sell to separate markets. Financial data are as follows:
Assume that fixed costs are all unavoidable and that dropping one product would not impact sales of the other. Because the contribution margin of Product B is negative, it should be dropped.
Which of the following is/are false regarding a merchandising firm?
a. A merchandising firm purchases inventory for resale. b. A merchandising firm does not change the physical form of the inventory. c. A merchandising firm performs no incremental work on the inventory. d. A merchandising firm adds nothing to the acquisition cost of the inventory after it is purchased. e. None of the above are false regarding a merchandising firm.
Paw-Paw Products Paw-Paw Products produces and sells flannel covered dogbeds. In the current year, Paw-Paw had expected to sell 8,000 beds but actually produced and sold 8,500 beds. The following information is available regarding the standard cost to produce a single dogbed: Direct materials: 5 yards at $1.50 per yard Direct labor: 40 minutes at $.20 per minute In the current year, 44,000 yards
of material were purchased and used at a cost of $1.60 per yard and 365,500 direct labor minutes were incurred at a cost of $.23 per minute. Refer to the Paw-Paw Products information above. The company's direct material price variance for the current year is: A) $4,250 F. B) $6,650 U. C) $4,400 U. D) $3,750 F.