The Marlow Corporation uses a standard cost system and applies manufacturing overhead to products on the basis of standard direct labor-hours. The denominator activity is set at 40,000 direct labor-hours per year. Budgeted fixed manufacturing overhead cost is $40,000 per year, and 0.5 direct labor-hours are required to manufacture one unit. The standard cost card would indicate fixed manufacturing overhead cost per unit to be:
A. $2.00
B. $0.50
C. $1.50
D. $1.00
Answer: B
You might also like to view...
The best ways to avoid faddish management ideas are to
A. understand your own core values, and use this knowledge to create or accept the core values of your company. B. adopt management by consensus and business process reengineering. C. adopt MBO and TQM. D. emphasize employee diversity and expand the business's operations globally. E. implement a six-sigma quality system and manage by "walking around."
_________refers to meeting the needs of the current generation without compromising the ability of future generations to meet their needs
A. Sustainability B. Responsibility C. Accountability D. Principles
Private-label brands are imitations often sold by street vendors.
Answer the following statement true (T) or false (F)
Regrouping activities involve adjusting the quantities or assortments of products handled at each level in a channel of distribution.
Answer the following statement true (T) or false (F)