While preparing a contribution margin income statement, the costs are shown into which of the two categories?
A) Direct materials and indirect materials
B) Product and period
C) Variable and fixed
D) Avoidable and unavoidable
C
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Costs that are capitalized as inventory when they are incurred are called:
A. Period costs. B. Administrative costs. C. General costs. D. Fixed costs. E. Product costs.
The four steps in the building brand equity include: (1) developing positive brand awareness and ________; (2) establishing a brand's meaning in the minds of consumers; (3) eliciting the proper consumer responses to a brand's identity and meaning; and (4) creating an intense, active, and loyal consumer-brand connection.
A. incorporating higher value in products B. an association of the brand in consumers' minds with a product class or need lowering the price of products C. easing consumers' decision making D. creating market modification
Valerie is a pilot for Wayfarer Airlines. Wayfarer's policy is to restrict Valerie and its other pilots from flight responsibilities after a certain age. This is most likely
a. a legitimate bona fide occupational qualification. b. discrimination on the basis of age. c. reverse discrimination. d. discrimination on the basis of disability.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 51 hr for the first widget. Acme estimates it has an 85% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 148th widget.
A. 16.24 hr B. 15.86 hr C. 19.52 hr D. 16.94 hr