Which of the following is one of the main advantages of a product-oriented layout?
A) high customer exposure rates
B) employability of highly skilled labor
C) high flexibility
D) low capital cost
E) low variable cost per unit
E
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Rodeo, Inc. has a contribution margin ratio of 45%. This month, profit was $40,000 and fixed costs were $50,000. How much was Laredo's sales revenue?
A. $40,500 B. $200,000 C. $111,111 D. $90,000
XO, Inc reports the following cost information for March
Cost of Goods Manufactured $71,000 Manufacturing Overhead 18,600 Finished Goods Inventory, March 1 4,000 Finished Goods Inventory, March 31 3,000 Work-in-Process Inventory, March 1 9,660 Work-in-Process Inventory, March 31 1,290 Direct Materials Used 25,530 What is the amount of direct labor incurred by XO in March? A) $62,630 B) $6,930 C) $71,000 D) $18,500
When do organizational charts need updating?
a. continually b. once every six months c. once a year d. rarely e. never
When a portion of leased premises is transferred to another person, the lease is said to be assigned
Indicate whether the statement is true or false