Meow Products Ltd. Meow Products Ltd. produces and sells scratching posts for cats. In the current year, the company had expected to sell 12,000 posts but actually produced and sold 10,000 posts. The following information is available regarding the standard cost to produce a single post: Direct materials: 3 feet @ 1.75 per foot Direct labor: 15 minutes @ $.30 per minute In the current year,
38,000 feet of material were purchased out of which 35,000 feet were used at a cost of $1.55 per foot, and 160,000 direct labor minutes were incurred at a cost of $.32 per minute. Refer to the Meow Products Ltd. information above. The company's direct labor rate variance for the current year is:
A) $ 200 F.
B) $ 200 U.
C) $3,200 F.
D) $3,200 U.
D
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The U.S. Supreme Court requires that actual malice be proved when:
A. individuals sue the media for publishing negative statements of their favorite public figures. B. public officials are found strictly liable for a crime. C. individuals sue public figures for assault or battery. D. public officials sue the media for false and defamatory statements.
The creation of a limited partnership is formal and requires public disclosure
Indicate whether the statement is true or false
Depriving a person or company of private property without compensation is called ________
A. expropriation B. nationalization C. privatization D. municipalization
The marketer uses segmentation variables to divide a market into segments. All of the following statements are true about segmentation variables except:
A. The variables should be related to the customer's needs relative to the product being marketed. B. The variables must be measurable. C. The variables should be based solely on demographic characteristics. D. The variables should be related to the customer's behavior relative to the product being marketed. E. The variables should be related to the customer's uses of the product being marketed.