A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0Units produced 2,900Units sold 2,600Units in ending inventory 300Variable costs per unit: Direct materials$49Direct labor$58Variable manufacturing overhead$6Variable selling and administrative expense$11Fixed costs: Fixed manufacturing overhead$55,100Fixed selling and administrative expense$18,200 What is the absorption costing unit product cost for the month?
A. $113 per unit
B. $143 per unit
C. $132 per unit
D. $124 per unit
Answer: C
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MIS can add value to both primary activities and support activities in the value chain. Which of the following is not an example of a company adding value by the use of MIS in a primary activity?
A. Royal Crest Dairy using their custom order and delivery system through an easily accessible Web portal for the customer to track delivery status. B. A system for the sales and marketing departments to track specific sales targets and follow up processes. C. An easy electronic survey, similar to the survey monkey, to be sent to the customer right after a service was completed. D. Scottrade Corp. creating an online system for employees to track paychecks, benefits, wellness rewards program, and other employee benefit items.
Robert Inc uses the standard costing method. The company's main product is a fine-quality headphones that normally takes 0.5 hour to produce. Normal annual capacity is 5,000 direct labor hours, and budgeted fixed overhead costs for the year were $8,750. During the year, the company produced and sold 5,800 units. Actual fixed overhead costs were $6,000. Using the information provided for Robert
Inc, compute the fixed overhead volume variance. A) $2,750 (F) B) $925 (U) C) $5,800 (U) D) $3,675 (U)
Visuals integrated into sales presentations increase retention and reduce misunderstandings.
Answer the following statement true (T) or false (F)
A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the second quarter of the upcoming year. Each pair of boots requires 2 kilograms (kg) of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter's material needs. Beginning inventory for this material is 18,000 kg and the cost per kg is $8. What is the budgeted materials needed in kg. in the first quarter?
A. 108,000 kg. B. 90,000 kg. C. 84,000 kg. D. 102,000 kg. E. 120,000 kg.