Whitney Company treats each division as a profit center and expects a 20 percent profit on its total production costs. Division A produces a part that it sells externally for $19.00. It also supplies this part to other internal divisions. Its production cost for the part is $13.70. What should be the transfer price for the part using the market-price approach?
A) $16.35
B) $16.44
C) $19.00
D) $22.80
C
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Canniff Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $56,560 per month plus $2,618 per flight plus $5 per passenger. The company expected its activity in February to be 63 flights and 254 passengers, but the actual activity was 62 flights and 255 passengers. The actual cost for plane operating costs in February was $218,820. The plane operating costs in the planning budget for February would be closest to:
A. $222,349 B. $220,151 C. $218,820 D. $222,764
Products obtained by extraction or harvest that require minimal processing before being used are called ________
A. core products B. secondary resources C. augmented products D. primary commodities
According to Table 13-4, the time between successive arrivals is 1, 2, 3, or 4 minutes. The store opens at 8:00 a.m., and random numbers are used to generate arrivals and service times. The first two random numbers for arrivals are 95 and 08
The first two random numbers for service times are 92 and 18. At what time does the second customer finish transacting business? A) 8:07 B) 8:08 C) 8:09 D) 8:10 E) None of the above
________ management is a series of decisions made over a short-term period regarding cash inflows and outflows
A) Cash B) Money C) Liabilities D) Both A and B are correct.