Advertising effort made in a given period will produce some additional sales response in subsequent sales periods, and the advertising carryover coefficients range from zero to less than one
Indicate whether the statement is true or false
TRUE
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Journalize the following transactions for Malone Custom Furniture Manufacturing (omit explanations).
a. Incurred and paid advertising expenses, $3,500. b. Incurred manufacturing wages of $30,000, 60% of which was direct labor and 40% of which was indirect labor. Wages will be paid at a later date. c. Purchased raw materials on account, $27,000. d. Used in production: direct materials, $12,000; indirect materials, $5,500 e. Recorded manufacturing overhead: depreciation on plant, $14,000; plant insurance (previously paid), $1,800; plant property tax, $4,500 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 150% of direct labor costs. g. Completed production on jobs with costs of $55,000. h. Sold inventory on account, $64,000; cost of goods sold, $35,000. The company uses the perpetual inventory system. i. Adjusted for overallocated or underallocated overhead.
Which of the following would not be an appropriate cost driver to measure internal failure?
a. design error b. product failure c. machine reliability d. operator error
Which behavior am I using when I analyze and diagnose a new challenge?
A. identify adaptive challenges B. get on the balcony C. protect leadership voices from below D. work avoidance
Which of the following does NOT identify one of the target marketing approaches for developing market-oriented strategies in a broad product-market?
A. exclusive B. multiple C. combined D. single