Rarely is the lowest-price product offering the dominant brand in a given market.
Answer the following statement true (T) or false (F)
True
Market leaders are often able to charge a premium due to brand equity.
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The cost of goods manufactured is transferred to the Finished Goods account from the:
a. Raw Material account. b. Direct labor account. c. Cost of Goods Sold account. d. Work in Process account.
Answer the following statements true (T) or false (F)
1.The word stress is derived from Latin word strictus. 2.There are four stages in the General Adaptation Syndrome. 3.The “fight-or-flight” response is the dominant behavioral response to stress among males. 4.Only women appear to have a broader repertoire of responses to stress, including affiliative, protective, and caretaking behaviors.
Mary's Fine Fashions Mary's Fine Fashions manufactures and sells various types of women's clothing. At the end of 2011, Mary had estimated for the production and sale of 25,000 short-sleeve shirts. Each shirt has a standard calling for 2.5 yards of direct material at a standard rate of $1.25 per yard and 12 minutes of direct labor time at a standard rate of $.20 per minute. During 2012, the
company actually produced and sold 23,000 shirts. These 23,000 shirts had an actual direct materials cost of $77,142 (59,340 yards at $1.30 per yard) and an actual direct labor cost of $63,250 (253,000 minutes at $.25 per minute). Each shirt sells for $20. Refer to the Mary's Fine Fashions information above. What is Mary's flexible budget variance? A) $14,475 F B) $28,950 U C) $42,267 F D) $13,317 U
Which of the following items are reconciling items on the bank side of the reconciliation?
A) outstanding checks and correction of book error B) deposit in transit and NSF check C) deposit in transit and outstanding checks D) bank service charge and correction of book error