Variances from standard costs are usually reported to:
A) suppliers
B) stockholders
C) management
D) creditors
C
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A firm has an operating cycle of 120 days, an average collection period of 40 days, and an average payment period of 30 days. The firm's average age of inventory is ________ days
A) 80 B) 50 C) 90 D) 70
________ is the investment in social relations with the expectation of returns in the marketplace
A) Social capital B) Social stock C) Market stock D) Media capital
What type of variable is the number of auto accidents reported in a given month?
A. Ratio B. Interval C. Discrete D. Continuous
How does an improved inventory management through the use of an everyday low-pricing (EDLP) strategy benefit retailers?
A. It increases the number of rain checks. B. It increases the total sales. C. It leads to more frequent sales and markdowns. D. It results in a need for more backup stock. E. It increases the sales of slow-moving merchandise.