When the actual price per unit of direct materials used exceeds the standard price per unit, the company has an unfavorable direct materials price variance.
Answer the following statement true (T) or false (F)
True
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P&G has sold off a number of lesser or declining brands such as Oxydol detergent and Jif peanut butter. In these examples, management decided to ________ the products
A) modify B) maintain C) drop D) harvest E) franchise
Management states that they will tolerate one stockout every year for a specific item. If 10 orders
are placed for the item each year, the service level desired is: A) 90%. B) 95%. C) 85%. D) 80%. E) none of the above
A company is planning sales promotion aimed at its consumers and distributors. What should the company do to effectively run its sales promotion?
A. The company should hire outside consultants who are specialists in sales promotion to manage the task. B. The company should ask its sales or advertising managers to take the responsibility of sales promotion as well. C. The company should hire a recent business graduate, with no work experience, to manage its sales promotion. D. The company should target trade shows and price deals at its own sales force and training materials at its final consumers. E. The company should set objectives and policies of the sales promotion independent of the entire marketing strategy.
If a person dies without a will and without any heirs or next of kin, her property:
A) escheats to a vestry commission. B) vests in her neighbors. C) vests in her church. D) escheats to the state.