Companies that are centralized typically allow managers at the local subsidiary to make ad agency selection decisions
Indicate whether the statement is true or false
FALSE
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Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 2 pound per unit; $12 per pound Direct labor: 2 hours per unit; $16 per hour Oceanside produced 3000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 6500 pounds of direct materials and actual total materials costs were $99,600. What is the direct materials cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $9960 Unfavorable B) $9960 Favorable C) $21,580 Unfavorable D) $21,580 Favorable
The length of the operating cycle equals the days' sales uncollected plus the
A) days' payable. B) days' inventory on hand. C) receivable turnover. D) payables turnover.
In the winter, Handyman Negri repaired snowblowers and in the summer he earned extra money by repairing lawnmowers, a classic example of:
A) promotional pricing. B) complementary products. C) mixed model service. D) yield management.
When buying a home, all of the following are factors one should consider, except
A) considering a condominium as an alternative to purchasing a house. B) once you decide how much you can afford, identifying a specific home you desire. C) borrowing as much as the lender is willing to loan you since the mortgage interest is tax deductible and may result in a larger tax refund. D) evaluating the homes for sale in your target area.