The performance of Steve, the manager of Center B, is evaluated the end of every month, by comparing the amount spent on manufacturing overhead with the budgets prepared at the beginning of the month. What type of responsibility center is Center B?
A) Cost center
B) Discretionary cost center
C) Profit center
D) Revenue center
A
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Amy Andrews is a CPA who works as a managerial accounting consultant for a variety of firms. To determine her hourly rate, Amy uses a cost-plus pricing system, which she updates each year. The hourly cost of her assistant (including taxes and benefits) is $18, the hourly cost of her office space is $4, the hourly cost of her marketing and other overhead materials is $6, and Amy's own hourly salary (again, including taxes and benefits) is $62. Amy adds a 20% premium to her costs. What is her hourly rate using a cost-plus pricing strategy?
A. $90 B. $96 C. $110 D. $108
Scenario 6.1 Use the following to answer the questions. Consumers use information from many sources when making purchasing decisions, including information from friends and family members. One of the most dissatisfying consumer experiences is with auto repair. Aware of this, Kate has asked several of her friends and family members where they have their cars repaired, since she has experienced a problem starting her car when the weather is cold. Kate has heard that Skola's Auto Repair has reasonable prices, but it can be difficult to get an appointment. Steve, one of Kate's friends, had a very poor experience with Skola's. However, once he complained to them, they fixed the situation and now he prefers their auto repair shop over others. Refer to Scenario 6.1. The type of decision making
that Kate is using to select an auto repair shop would be A. intensive decision making. B. extended decision making. C. routinized response behavior. D. selective decision making. E. limited decision making.
Dependent demand inventory never needs to hold hedge inventory
Indicate whether the statement is true or false.
For the ________ inventory system, Q, the quantity ordered, can vary
Fill in the blank with correct word.