When a company's processes, procedures, or policies used to "deliver" its products or services cause inconvenience to customers, we are likely to see what kind of turnoff? Give three examples of such turnoffs
What will be an ideal response?
This describes systems turnoffs. Example may include:
• Poor location, layout, parking facilities, phone accessibility
• Employees poorly trained or not enough staffing
• Paperwork hassles for customers
• Delivery or pickup service problems
• Merchandise displays
• Customer follow-up procedures
• Billing and accounting procedures
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Which of the following is used to calculate the number of units to account for under the first-in, first-out (FIFO) method of inventory valuation of process costing? This is the second department in a company using process costing.
A) To account for = Beginning balance + Started and completed + In process B) To account for = Beginning balance + Amount transferred in C) To account for = Beginning balance + In process D) To account for = Beginning balance + Started and completed
How do companies gain revenue from free products under the freemium model?
a. They operate as nonprofits. b. They are sponsored by wealthy sponsors. c. The revenue earned from other sources supports the free side of the business. d. They get donations from users.
In the selection process, the goal should always be to hire the person with the most qualifications.
Answer the following statement true (T) or false (F)
Fleming Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$190,485 Budgeted production (a) 15,000units Standard hours per unit (b) 1.70labor-hours Budgeted hours (a) × (b) 25,500labor-hours Actual production (a) 10,000units Standard hours per unit (b) 1.70labor-hours Standard hours allowed for the actual production (a) × (b) 17,000labor-hours Actual fixed manufacturing overhead$172,485 Actual hours 16,000labor-hours ?The fixed overhead volume
variance is: A. $63,495 F B. $63,495 U C. $45,495 F D. $45,495 U