In a decentralized purchasing environment ownership would exist at the business unit level
Indicate whether the statement is true or false
true
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Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct materials price variance. Direct materials purchased and used 99,000 pounds Price paid for direct materials $4.00 per pound Number of good units produced 9,000 units
a. $45,000 (F) b. $45,000 (U) c. $54,000 (F) d. $99,000 (F)
Which of the following situations severely limits the use of industry norms as standards of comparison?
a. The fact that little information exists on industry norms b. The existence of conglomerates c. The presentation of segmented information d. A downward turn in the economy
All of the following are reasons that marketers may be losing confidence in network television advertising EXCEPT which one?
A) Production expenses for a polished TV commercial can be substantial. B) Network television no longer commands the majority of broadcast spending. C) Many viewers are using DVRs to watch television shows after they have aired. D) Network television advertising is not as effective at marketing toward smaller and more narrowly defined target markets. E) The results of network television advertising are not as easily measurable as the results of Internet advertising.
The cost of materials entering directly into the manufacturing process is classified as:
A) direct labor cost B) factory overhead cost C) burden cost D) direct materials cost