An expression of the hourly labor pay cost per function or job classification that is expected to exist during the next accounting period is the definition of a
a. direct labor time standard.
b. direct materials quantity standard.
c. direct labor rate standard.
d. variable overhead rate.
C
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Anthony's Shoe Company uses a perpetual inventory system. The beginning balance in its inventory account is $1,500 and the ending balance is $1,000 . Cost of goods sold is $6,500 . What was the amount of inventory purchased during the year?
a. $ 500 b. $7,000 c. $7,500 d. $6,000
Scenario 17.2 Use the following to answer the questions. The Presto Company manufactures several types of household appliances, including blenders, waffle makers, and home deep fryers. Presto sells its products to retail stores such as Kohl's, Macy's, and J.C.Penney's, through its own sales force. Marilyn Wilson is one of Presto's salespeople, and is responsible for stores headquartered in Region 1 of the United States. Marilyn has just come from a monthly meeting where she has been informed about the new stovetop grill that will be part of next season's lineup. Presto's marketing department has developed a promotional plan for the new grill and outlined that plan for the sales staff in the meeting. The promotional plan for the next 60 days will include television commercials that
demonstrate the new grill, in-store rebates, and a customer contest for the best grilled sandwich recipe. In addition, Marilyn and other members of the sales force will be given a free grill for their own home use so they can become more familiar with the product. Presto is also offering a free trip to New York City for their staff salesperson who has the highest dollar in sales to his or her stores. To encourage the retail stores to push this product, Presto will offer the retail store a $5 discount for each grill that the store purchases after the 60-day promotion is over. Refer to Scenario 17.2. Which of the following are consumer sales promotion methods that Presto is using for the new stovetop grill? A. Television commercials and the customer contest B. Television commercials and the in-store rebate C. The customer contest and the in-store rebate D. The sales force contest and the in-store rebate E. The sales force contest and the customer contest
Limited calling populations are assumed for most queuing models
Indicate whether the statement is true or false
Dumping occurs when a company exports its product to consumers in another country at an export price that is below the domestic price.
Answer the following statement true (T) or false (F)