Special journals take the place of subsidiary ledgers
Indicate whether the statement is true or false
F
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Which of the following is an example of the focus generic strategy resulting in differentiation?
A) ArcelorMittal specializing in the production of steel B) Signet Works manufacturing only disposable plastic cups C) Land Rover specializing in the production of off-road cars D) Lemon Mobiles concentrating on the production of low-priced mobile phones
Brad Turret, one of the managers of a multi-national company, is responsible for generating revenues and controlling costs in order to increase the operating income of his division
However, he is not concerned about investment-related decisions. Brad is most likely to be the manager of a(n) ________. A) cost center B) investment center C) profit center D) revenue center
Given the attractiveness of premium pricing during the growth stage of the market life cycle, managers should emphasize short-term results to increase profits.
Answer the following statement true (T) or false (F)
Koczela Inc. has provided the following data for the month of May:Inventories: BeginningEndingWork in process$29,000?$24,000?Finished goods$58,000?$62,000?Additional information: Direct materials$69,000?Direct labor cost$99,000?Manufacturing overhead cost incurred$75,000?Manufacturing overhead cost applied to Work in Process$73,000?Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.The cost of goods manufactured for May is:
A. $243,000 B. $241,000 C. $248,000 D. $246,000