Answer the following statements true (T) or false (F)
Stephens Hardwood Furniture manufactures a small table and a large table. The small table sells for $900, has variable costs of $770 per table, and takes 8.00 labor hours to manufacture. The large table sells for $1,700, has variable costs of $800, and takes 15 direct labor hours to manufacture. The small table has a lower contribution margin per unit, but a higher contribution margin per direct labor hour.
FALSE
You might also like to view...
Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2015 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2015 . Park paid the amount due on June 13, 2015. When did title to the merchandise transfer from Jay Zee Music
Company to Park? a. June 5, 2015 b. June 10, 2015 c. June 13, 2015 d. Cannot be determined from the information provided
_____ measure the outflow of assets (or increases in liabilities) used in generating revenues
a. Revenues b. Expenses c. Cash inflows d. Cash-outflows e. Shareholder equity
A healthy fast-casual restaurant that offers only vegetarian and vegan meals insists on portraying organic ingredients in its advertisements, charges a higher price for its meals, and has a rigorous quality control process to insure the cleanliness of its facilities. What strategy is the manufacturer using to deliver superior value to customers?
A. incorporating tangible features B. incorporating intangible features C. leveraging its power over suppliers D. signaling value by targeting sophisticated buyers E. lowering the buyer's overall cost
An Income Statement is all of the following except:
A. a statement of income and expenses. B. a formal report of business operations. C. a statement of revenues less withdrawals and expenses. D. a profit and loss statement.