Which of the following persons is NOT an agent?
A)Diane, a shoe salesperson for a retail store.
B)Tim, a real estate broker for a large real estate company.
C)Craig, a telephone marketing employee.
D)Harold, a trustee to the beneficiaries of an estate.
D
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Didi carefully considers price, sound quality, and the size of a new stereo system. The sound quality is the most important factor, followed by the price. The evaluation model being used by Didi is:
A) cognitive mapping B) evoked set C) multiattribute D) affect referral
Indicate whether the following error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. The entry for $560 of supplies used during the period was journalized as a debit to Supplies Expense of $560 and credit to Supplies of $650
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow:MonthMachine HoursElectricity CostsJanuary2,500$18,400 February2,900 21,000 March1,900 13,500 April3,100 23,000 May3,800 28,250 June3,300 22,000 July4,100 24,750 August3,500 22,750 September2,000 15,500 October3,700 26,000 November4,700 31,000 December4,200 27,750 Summary OutputRegression StatisticsMultiple R0.965R Square0.932Adjusted R20.925Standard Error1,425.18Observations12.00 CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Intercept3,726.881,682.822.210.05(22.69)7,476.45Machine Hours5.770.4911.70.004.676.87If the controller
uses regression analysis to estimate costs, the estimate of the fixed portion of electricity costs is: A. Fixed Cost = $3,726.88 B. Fixed Cost = $5.77. C. Fixed Cost = $1,682.82. D. Fixed Cost = $1,425.18.
The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production are given. Assume that all inventory accounts have zero balances at the beginning of the month. Standard Cost Per Unit Standard Monthly CostsMaterials$4.00 $8,400 Direct Labor 2 hrs @ $2.60 5.20 10,920 Factory Overhead: Variable 1.80 3,780 Fixed 5.00 10,500 $16.00 $33,600 Variances: Material price$244.75 unfavorableMaterial quantity$500.00 unfavorableLabor rate$520.00 favorableLabor efficiency$2,080.00 unfavorableWhat was the actual price per unit paid for the direct material during the month, assuming all materials purchased were put into
production? A. $4.11 B. $4.34 C. $4.00 D. $4.22