A center where a manager is responsible for sales is called:
a. a profit center.
b. a cost center.
c. a revenue center.
d. an investment center.
e. None of the answers are correct.
c
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Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased A thru G in January at $9.00 per letter. In February, it purchased H thru L at $11.00 per letter. It purchased M thru R in March at $12.00 per letter. It sold A, D, E, H, J and N in October. There were no additional purchases or sales during the remainder of the year.If Alphabet Company uses the LIFO method, what is the cost of its ending inventory?
A. $54.00 B. $118.00 C. $72.00 D. $151.00
You're not sure how your reader will react to the bad news you will be delivering. What should you do?
A) Organize the bad-news message using the direct strategy. B) Organize the bad-news message using the indirect strategy. C) Send the bad news via e-mail. D) Call the reader to confirm what her reaction will be before writing the message.
Oceanic Corp. relies heavily on employees’ self-guidance based on advanced professional training, and also rely on professional societies and the judgment of groups made up of fellow professionals to control these employees. In other words, Oceanic depends on the standardization of ______
A. skills B. work processes C. judgement D. outputs
Flemming Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Machining$20,900Order Filling$22,900Other$29,200Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHs (Machining)Orders (Order Filling)Product U69,600600Product Z8400400Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. Product U6Product Z8?Sales
(total)$185,100$178,100?Direct materials (total)$56,600$98,600?Direct labor (total)$83,400$63,700?What is the product margin for Product U6 under activity-based costing? A. $45,100 B. $8,600 C. $25,036 D. $11,296