Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility$250,000 Office manager's salary 150,000 Wages of factory machine operators 110,000 Depreciation on manufacturing equipment 50,000 Insurance and taxes on selling and administrative offices 30,000 Direct materials purchased and used 170,000 Based on the above information, which of the following would not be treated as a product cost:
A. rent expense incurred on manufacturing facility
B. office manager's salary
C. salaries of factory machine operators
D. depreciation on manufacturing equipment
Answer: B
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A. the marketplace becoming more segmented and moving toward more niche products. B. declining population in developed countries. C. China becoming the second-largest economic power. D. the rise of business-to-business technology. E. instant-gratification shopping
At a trade show, the most difficult buyer group for manufacturers to identify would be which group, because they don't want to be identified yet they are a very important group in terms of ability to make purchase decisions?
A) solution seekers B) buying teams C) power buyers D) reinforcement seekers
Transfer ____________ can be used as a cash management technique.
Fill in the blank(s) with the appropriate word(s).
After marketing strategies are developed, the next step in market planning is ________
A) development of marketing objectives B) strategic planning C) implementation D) situation analysis E) pricing development