Atlantic, Inc. has prepared the following budgets for March. In March, budgeted production equals budgeted sales of 1,000 units, and direct materials inventory will stay constant. Direct materials$6.00per unitDirect labor$10.80per unitVariable manufacturing overhead$7.50per unitFixed manufacturing overhead$7,500 What is budgeted cost of goods sold for March?
A. $24,300
B. $43,800
C. $16,800
D. $31,800
Answer: D
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Answer the following statements true (T) or false (F)
1. If an organization’s leadership is totally and publicly committed to a strategy of service excellence, then service is going to be excellent regardless of what kind of culture the organization has. 2. An organization’s strategy cannot succeed without a supporting culture. 3. If a hospitality organization’s culture is strong enough, guests will not be able to affect its cultural norms. 4. Managers must ensure their organizational culture is not affected by the national culture in which their organization is embedded.
How is the price elasticity for Crest toothpaste likely to be different from the price elasticity for all toothpastes (a product category)? Why are they likely to be different?
What will be an ideal response?
The typical cost of a focus group interview of 6 to 10 participants is about
A. $5,000. B. $4,000. C. $2,000. D. $3,000. E. $1,000.
The refund feature on an annuity guarantees that
A) you will be satisfied with the investment build-up, because you may withdraw your funds at will. B) you can withdraw all your contributions at age 59-1/2. C) payments will continue until they have at least refunded the cost of the annuity. D) the insurance company can refund your payments and terminate your annuity at its discretion.