When a company using LIFO experiences a partial or complete liquidation of its older, lower-priced inventory, its gross margin will be ____________________ (higher, lower, or unchanged) for the period
Fill in the blank(s) with correct word
higher
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During the _____ stage of the new-product development process, production starts, inventories are built up, the product is shipped to distribution points, the sales force is trained, and advertising and promotion begin
a. commercialization b. test marketing c. idea generation d. business analysis
In a normal distribution, it is known that 27.34% of all the items are included from 100 up to the mean, and another 45.99% of all the items are included from the mean up to 145. Determine the mean and the standard deviation of the distribution.
What will be an ideal response?
Where the real payoff from strategic analysis of industry dynamics comes is for managers to draw some conclusions about what strategy adjustments will be needed to deal with the impacts of the driving forces. True or false? Explain.
What will be an ideal response?
Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 6000 units, but its actual level of activity was 5950 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:Data used in budgeting: Fixed element per monthVariable element per unitRevenue - $33.50? Direct labor$0? $5.50?Direct materials 0? 13.10?Manufacturing overhead 30,000? 1.00?Selling and administrative expenses 24,800? 0.20?Total expenses$54,800? $19.80??Actual results for May: Revenue$200,050?Direct labor$32,500?Direct materials$80,100?Manufacturing
overhead$40,000?Selling and administrative expenses$30,400?The spending variance for direct materials in May would be closest to: A. $1500 F B. $2155 F C. $1500 U D. $2155 U