Why would the manager of a service company need to use job order costing?
What will be an ideal response?
Service companies, like manufacturing companies, work on individual, unique jobs and need to know the cost of the jobs. Knowing the full cost of a job allows for better pricing decisions. In addition, knowledge about the full cost will help firms determine which services to offer and emphasize.
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You are researching secondary data on the shopping habits of households for your project. A marketing research firm that had done research in the area has agreed to allow you to dial into their mainframe computer to access the data
You will be accessing a(n) ________. A) online database B) special purpose database C) offline database D) customer database
Beech has budgeted fixed overhead of $202,500 based on budgeted production of 13,500 units. During July, 14,100 units were produced and $214,200 was spent on fixed overhead. What is the budgeted fixed overhead rate?
A. $15.89 B. $15.19 C. $15.00 D. $14.36
The demand for consumer goods often affects the demand for business products. This characteristic of business markets is called _____ demand.
A. elastic B. inelastic C. fluctuating D. derived E. joint
Under the practical rule, for a business decision to be ethical, a manager would NOT be reluctant to communicate the decision to people outside the company when
A. a typical person would be unaware of the harmful implications of the decision. B. a typical person would consider the decision acceptable. C. the decision, although unethical, would increase shareholders' wealth. D. a typical person wouldn't care about the decision. E. he or she could blame the top management of the firm.