Costco is a warehouse store that sells groceries, household items, and business products. Purchase quantities tend to be larger than in traditional stores that serve final consumers. For example, soft drinks are only sold in 24-can cases, not in 6-packs. Coffee is sold in 3-pound cans instead of 1-pound foil packs. Which regrouping activity is Costco shifting to the consumer?
A. accumulating
B. adjusting discrepancies
C. bulk-breaking
D. assorting
E. sorting
Answer: C
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Jill is considered a(n) ________ when it comes to wine because she has information about many kinds of wines, places to shop, and other facets of the wine market. Her friends always go to her when they need something for a special occasion.
A. subculture B. market maven C. cottage industry D. social class E. cognitive dissonance
No ____________________ is required to transfer ownership of a bearer instrument
Fill in the blank(s) with correct word
Which of the following approaches seeks to ensure that employees on overseas assignments have the same spending power as they would in their home country?
A. The assets-liability approach B. The compensatory tax approach C. The income statement approach D. The balance sheet approach
Mangrum Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. Information concerning the direct labor standards for the company's only product is as follows:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect labor0.70hours$21.50per hour$15.05During the year, the company assigned direct labor costs to work in process. The direct labor workers (who were paid in cash) worked 12,790 hours at an average cost of $19.50 per hour. The company calculated the following direct labor variances for the year: Labor rate variance$25,580FLabor efficiency variance$6,450FAssume that all transactions are recorded on the below
worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,130,000$23,940$0$87,870$526,400=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$1,768,210When recording the direct labor costs, the Cash account will increase (decrease) by: A. $249,405 B. ($281,435) C. ($249,405) D. $281,435