Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000,
$60,000, and $70,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs into Department 2 during the period for direct labor is:
A) Work in Process--Department 2 60,000Wages Payable 60,000
B) Wages Payable 60,000Work in Process--Department 2 60,000
C) Work in Process--Department 2 125,000Wages Payable 125,000
D) Work in Process--Department 2 185,000Wages Payable 185,000
A
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The following budget information is available for the Arch Company for January Year 2: Sales$860,000 Cost of goods sold 540,000 Utilities expense 2,800 Administrative salaries 100,000 Sales commissions 5% of SalesAdvertising 20,000 Depreciation on store equipment 50,000 Rent on administration building 60,000 Miscellaneous administrative expenses 10,000 All operating expenses are paid in cash in the month incurred. Compute total budgeted selling and administrative expenses (excluding interest) amount for January Year 2.
A. $262,500 B. $240,000 C. $283,000 D. $285,800
Commercial online databases are rich sources for obtaining ________
A) primary data B) secondary data C) customer insights D) low-level data E) binary data
________ involves assigning portions of the marketing budget to each marketing-mix element so as to maximize revenues or profits
A) Marketing-mix modeling B) Marketing-mix theory C) Marketing-mix optimization D) Return on investment E) Return on marketing initiatives
Which promotional method is most likely to be used in a push policy?
A. Personal selling B. Public relations C. Advertising D. Publicity E. Sales promotion