Which two companies are sourcing product components from small-scale enterprises, which in turn are helping preserve old-growth forests as well as economic opportunities in Brazil?
A) Ford Motor Company and Armani
B) Daimler AG and Hermes
C) General Motors and Hugo Boss
D) Volkswagen and Coach
E) Coca-Cola and Nestlé
B
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________ are unbranded, plainly packaged, less expensive versions of common products such as spaghetti, paper towels, and canned peaches
A) Common carriers B) Shills C) Generics D) Private labels E) Marques
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Using the above information provided for Underfoot Products, compute the variable overhead variance. A) $42,000 (F) B) $42,000 (U) C) $30,000 (U) D) $32,000 (F)
Sentry Manufacturing paid a dividend yesterday of $5 per share (D0 = $5 ). The dividend is
expected to grow at a constant rate of 8% per year. The price of Sentry Manufacturing's stock today is $29 per share. If Sentry Manufacturing decides to issue new common stock, flotation costs will equal $2.50 per share. Sentry Manufacturing's marginal tax rate is 35%. Based on the above information, the cost of retained earnings is A) 28.38%. B) 31.40%. C) 24.12%. D) 26.62%.
Ravena Labs., Inc. makes a single product which has the following standards:Direct materials: 2.5 ounces at $20 per ounceDirect labor: 1.4 hours at $12.50 per hourVariable manufacturing overhead: 1.4 hours at 3.50 per hourVariable manufacturing overhead is applied on the basis of standard direct labor-hours. The following data are available for October:•3,750 units of compound were produced during the month. •There was no beginning direct materials inventory. •Direct materials purchased: 12,000 ounces for $225,000. •The ending direct materials inventory was 2,000 ounces. •Direct labor-hours worked: 5,600 hours at a cost of $67,200. •Variable manufacturing overhead costs incurred amounted to $18,200. •Variable manufacturing overhead applied to products: $18,375. The
labor efficiency variance for October is: A. $1,400 Favorable B. $1,900 Unfavorable C. $4,375 Unfavorable D. $3,750 Favorable