The width of a product mix is a measure of the number of individual products within each line.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Stacey noted that the client was a cantankerous old man and that her current project team lacked the requisite skills to work with him. Time was running short, so the BEST approach to making sure the project team had the necessary skills was to:
A) Locate a new client for this project. B) Identify a suitable training program and implement it. C) Hire a contractor for the life of the project. D) Modify the skill set to something that her current team possessed.
Fredin Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$80,400 Budgeted fixed manufacturing overhead 185,700 Total budgeted manufacturing overhead $ 266,100 Budgeted production (a) 15,000unitsStandard hours per unit (b) 2.00labor-hoursBudgeted hours (a) × (b) 30,000labor-hoursThe predetermined overhead rate is closest to:
A. $22.76 per labor-hour B. $8.87 per labor-hour C. $11.38 per labor-hour D. $17.74 per labor-hour
(I) Preferred stockholders hold a claim on assets that has priority over the claims of common stockholders, but after that of bondholders
(II) Firms issue preferred stock in far greater amounts than common stock. A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 6.5ounces$2.00per ounce$13.00Direct labor 0.2hours$23.00per hour$4.60Variable overhead 0.2hours$6.00per hour$1.20?The company reported the following results concerning this product in June. Originally budgeted output 2,700unitsActual output 2,800unitsRaw materials used in production 19,380ouncesPurchases of raw materials 21,400ouncesActual direct labor-hours 500hoursActual cost of raw materials purchases$40,660 Actual direct labor cost$12,050 Actual variable overhead cost$3,100 ?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when
the materials are purchased.?The variable overhead efficiency variance for June is: A. $360 F B. $372 U C. $360 U D. $372 F