Business marketing does NOT include goods and services that:
A. become part of another product
B. are used to manufacture other products
C. are used for personal consumption
D. facilitate the normal operations of an organization
E. are acquired for resale
Answer: C
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Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $8.90 per MH. The company had budgeted its fixed manufacturing overhead cost at $66,000 for the month. During the month, the actual total variable manufacturing overhead was $66,900 and the actual total fixed manufacturing overhead was $69,000. The actual level of activity for the period was 7000 MHs. What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?
A. $4600 favorable B. $7600 favorable C. $7600 unfavorable D. $4600 unfavorable
Although the ______ architecture is more complicated, the complexity is hidden from the user.
a. N-tier b. first-tier c. third-tier d. second-tier
A silicon chip one cubic inch in size that contains thousands of small transistors is called a:
a. vacuum tube b. transistor c. reactor d. large-scale integrated circuit e. very large-scale integrated circuit
Fletes Corporation manufactures two products: Product O95C and Product M31N. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products O95C and M31N.Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$207,0009,000MHsMachine setupsNumber of setups$140,000350setupsProduct designNumber of products$98,0002products??Order sizeDirect labor-hours$340,00010,000DLHsActivity MeasureProduct O95CProduct M31NMachine-hours6,0003,000Number of setups190160Number of products11Direct labor-hours4,0006,000Using the ABC system, how much
total manufacturing overhead cost would be assigned to Product O95C? A. $399,000 B. $136,000 C. $392,500 D. $263,000