The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the total direct materials cost variance?
A) $48,000 unfavorable.
B) $51,000 favorable.
C) $51,000 unfavorable.
D) $3,000 favorable.
E) $3,000 unfavorable.
D) $3,000 favorable.
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Which type of retailer is most likely to require its employees to focus most on assisting customers as they shop?
A) self-service retailer B) full-service retailer C) off-price retailer D) limited-service retailer E) convenience retailer
Report decks ________
A) are never used to disseminate information internally B) are poorly equipped for science-based reports C) are not a viable medium for progress reports D) can only be used for reporting analyses to external clients E) can be used for any type of report.
All stock dividends are recorded at par value so there would never be a credit to the paid-in capital in excess of par value account.
Answer the following statement true (T) or false (F)
It is essential that global sourcing decisions be closely linked to the organization's ______ and that explicit objectives for suppliers be defined and incorporated in contracts.
Fill in the blank(s) with the appropriate word(s).