A responsibility center whose manager is responsible for generating revenues and controlling expenses is referred to as a ______________________________
Fill in the blank(s) with correct word
profit center
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Fleurant, Inc., manufactures and sells two products: Product W2 and Product P8. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected ProductionDirect Labor-Hours Per UnitTotal Direct Labor-HoursProduct W24006.02,400Product P86004.02,400Total direct labor-hours 4,800The direct labor rate is $29.10 per DLH. The direct materials cost per unit is $195.60 for Product W2 and $132.30 for Product P8.The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: EstimatedExpected ActivityActivity Cost PoolsActivity MeasuresOverhead CostProduct W2Product
P8TotalLabor-relatedDLHs$210,5762,4002,4004,800Production ordersorders 17,738400300700Order sizeMHs 273,4303,8003,6007,400 $501,744 Which of the following statements concerning the unit product cost of Product W2 is true? (Round your intermediate calculations to 2 decimal places.) A. The unit product cost of Product W2 under traditional costing is less than its unit product cost under activity-based costing by $12.41. B. The unit product cost of Product W2 under traditional costing is greater than its unit product cost under activity-based costing by $12.41. C. The unit product cost of Product W2 under traditional costing is less than its unit product cost under activity-based costing by $209.06. D. The unit product cost of Product W2 under traditional costing is greater than its unit product cost under activity-based costing by $209.06.
Which of the following is most useful for developing information that might lead to incremental innovations?
a. customer visit programs b. empathic design c. focus groups d. lead user research e. guided intuition
Which statement is TRUE regarding stocks?
A. The proceeds from stock sales finance government projects, such as roads, airports, and bridges. B. Stocks are the best choice for a novice investor with a small amount of money to invest. C. All other investment choices tend to outperform stocks. D. Stockholders are exposed to all the risks that impact the business environment. E. Stocks are a firm's promise to pay regular interest and to repay the principal at the end of a loan period.
__________ is a quality control approach that emphasizes a relentless pursuit of high quality and low costs.
Fill in the blank(s) with the appropriate word(s).