The usage variance is the difference between the actual and standard quantity of inputs
A) multiplied by the actual unit price of the input.
B) budgeted multiplied by the standard unit price of the input.
C) multiplied by the standard unit price of the input.
D) purchased multiplied by the actual unit price of the input.
E) none of these.
C
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The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month. Calculate the payments on account made during the first six months.
Tolga Moving Systems, Inc. has provided the following details for direct materials purchased on
account in different months.
The questionnaire has an advantage over other methods of collecting primary data because
A) the anonymity of a questionnaire reduces the validity of some responses. B) obtaining a representative sample over a large geographical area can be expensive. C) the target audience has widely differing interests and education. D) respondents note their answers at the most convenient time for researchers. E) no interviewer is present to possibly bias the results.
3M Company executives were perplexed when the company's Scotch-Brite floor-cleaning product initially produced lukewarm sales in the Philippines. A Filipino employee explained that consumers generally clean floors by pushing coconut shells around with their feet. 3M changed the shape of the pad to a foot and sales soared. 3M changed its product in response to a Filipino ________.
A. idiosyncrasy B. custom C. belief D. value E. demographic pattern
A patent is an exclusive right granted to its owner to manufacture and sell a patented device or to use a process for 20 years.
Answer the following statement true (T) or false (F)