Pungent Corporation manufactures and sells a spice rack. Shown below are the actual operating results for the first two years of operations: Year 1Year 2Units (spice racks) produced 40,000 40,000Units (spice racks) sold 37,000 41,000Absorption costing net operating income$44,000$52,000Variable costing net operating income$38,000 ???Pungent's selling price and unit variable cost and total fixed cost were the same for both years. What is Pungent's variable costing net operating income for Year 2?
A. $56,000
B. $48,000
C. $54,000
D. $50,000
Answer: C
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________ is not a function of organizational culture.
A. Social system stability B. Organizational identity C. Diversity management D. Sense-making E. Collective commitment
Meow Products Ltd. Meow Products Ltd. produces and sells scratching posts for cats. In the current year, the company had expected to sell 12,000 posts but actually produced and sold 10,000 posts. The following information is available regarding the standard cost to produce a single post: Direct materials: 3 feet @ 1.75 per foot Direct labor: 15 minutes @ $.30 per minute In the current year,
38,000 feet of material were purchased out of which 35,000 feet were used at a cost of $1.55 per foot, and 160,000 direct labor minutes were incurred at a cost of $.32 per minute. Refer to the Meow Products Ltd. information above. The company's direct labor efficiency variance for the current year is: A) $ 3,000 U. B) $ 3,000 F. C) $12,000 U. D) $12,000 F.
_____ typically cover specific issues that a business faces but also less-tangible—yet equally important—topics, such as communication, planning, business-analysis, change-management, coaching, and team-building skills.
A. Orientation programs B. Management development programs C. Apprenticeship programs D. Internship training programs
Compare and contrast trading up and suggestive selling.
What will be an ideal response?