By pursuing a joint venture entry strategy, a company can limit its financial risk as well as its exposure to political uncertainty
Indicate whether the statement is true or false
FALSE
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A company identified the following partial list of activities, costs, and activity drivers expected for the next year:ActivityExpected CostsCost DriverExtrusion costs$83,600 Number batches madeHandling costs$8,800 Number of orders filledPackaging costs$40,500 Number of units made Product AProduct BProduction volume 750,000units 600,000unitsBatches made 200batches 750batchesOrders filled 75 200 Calculate activity rates for each of the three activities using activity-based costing (ABC).
A. Extrusion: $88 per order; handling: $32 per unit; packaging: $0.03 per batch. B. Extrusion: $418 per batch; handling: $117.33 per order; packaging: $0.054 per unit. C. Extrusion: $304 per batch; handling: $32 per unit; packaging: $0.03 per unit. D. Extrusion: $88 per batch; handling: $32 per order; packaging: $0.03 per unit. E. Extrusion: $118.13 per batch; handling: $44 per order; packaging: $0.0675 per unit.
The average life for an SBA-guaranteed business loan is ____ years.
A. twenty-five B. eighteen C. fifteen D. twelve E. eight
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 3,700DLHsOverhead costs at the denominator activity level: Variable overhead cost$28,490 Fixed overhead cost$47,545 The following data pertain to operations for the most recent period: Actual hours 3,900DLHsStandard hours allowed for the actual output 3,850DLHsActual total variable manufacturing overhead cost$29,445 Actual total fixed manufacturing overhead cost$47,995 The fixed manufacturing overhead budget variance for the period is closest to:
A. $615 F B. $1,478 U C. $2,120 U D. $450 U
Operating income is calculated as net sales minus:
A. Cost of goods sold. B. Utilities expense. C. Salaries expense. D. All of the other answers are subtracted from net sales to calculate operating income.