The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: ?Actual hours used 45,000 ?Actual rate per hour$15.00 ?Standard rate per hour$14.50 ?Standard hours for units produced 47,000 ??
A. $52,500 favorable.
B. $29,000 favorable.
C. $29,000 unfavorable.
D. $52,500 unfavorable.
E. $22,500 unfavorable.
Answer: B
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Answer the following statements true (T) or false (F)
1. Joe, a plant manager, wants to institute a compensation system in which more efficient workers earn higher wages. Joe is proposing to institute a differential rate system. 2. The Hawthorne studies succeeded in drawing attention to the importance of "social man" and how managers using good human relations could improve worker productivity. 3. Olde Manufacturing, a parts supplier to the auto industry, has been using the behavioral approach to management for over 100 years. However, since that method of management is too simplistic for practical use, Olde should begin implementing the newer and more sophisticated human relations movement approach to management, which is the most contemporary approach to management. 4. Behavioral science relies on data from past sales to forecast human behavior to develop strategic plans and goals. 5. When the Americans entered World War II in 1941, they used the British model to form operations research teams to determine how to deploy troops, submarines, and equipment most effectively. These techniques have evolved into quantitative management.
MaxNutri Inc. sells cookies and nutrition bars. The marketers at MaxNutri are trying to come up with new and attractive packaging designs for its cookies. In this scenario, MaxNutri is working on its _____.
A. purchase strategy B. distribution strategy C. advertising strategy D. product strategy
Under which Incoterms are the seller's responsibilities the lowest?
a. CFR b. FOB c. EXW d. DDP
The owner of an amusement park has decided to open a second entry booth and hire another employee to service customers entering the park. Customers arrive at the rate of 20 per hour and will wait in a single line until one of the two employees is available to provide service. The average service time of both employees is 2 min to provide service. The arrival rate follows Poisson distribution, and the service time follows a negative exponential distribution. Determine the average time the customer spends in the system.
A. 2.25 min B. 3 min C. 0.25 min D. 1 min