Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this year was $103,000. Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income last year?
A. $106,000
B. $86,000
C. $118,000
D. $54,000
Answer: D
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Which of the following is true of retailing activities in the bottom of the pyramid (BoP) market?
A. Retrofitting business models used in the more developed markets has proven successful. B. Firms are not motivated to enter the BoP market. C. High local demand results in low prices for consumer goods. D. Most people in BoP markets live in rural areas with limited access to mass media. E. The ideas used in BoP retail marketing are similar to conventional retailing strategies.
Betsy, a teenager, uses most of her after-school hours in either playing tennis or watching movies. She barely manages to concentrate on her lessons for a couple of hours before exams
Being questioned about her substandard performance in school, she points out the teacher's inability to complete the entire course during the school hours as the possible reason. Betsy's behavior is most likely to be associated with ________. A) generalization B) hedonic bias C) discrimination D) selective attention E) psychological repositioning
Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $750,000 and $550,000, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 18,000 hours and 7000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.)
A) $107.14 per machine hour B) $30.56 per labor hour C) $1.36 per labor hour D) $78.57 per machine hour
Ford Motor Company decided to sell the Fiesta around the globe. Which of the following would be an example of glocalization of the Fiesta?
A. Variations in the product design country by country, with the same basic promotional campaign used in all countries. B. Variations in the product design and the promotional campaign country by country. C. The same product design and features in all countries, with variations in the promotional campaigns country by country. D. The same marketing mix for all of the four Ps used in all countries. E. The same product design and features, and the same basic promotional campaign, used in all countries.