Which of the following is NOT consistent with a decentralized warehousing system?
a. Higher safety stocks required
b. Shorter lead times
c. Lower transportation fees
d. Lower total operating costs
d
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When major chain retailers avoid placing stores in disadvantaged neighborhoods, they are likely to be accused of the discriminatory practice of ________
A) embargo B) licensing C) redlining D) puffery E) scrambled merchandising
Tonale Company began operations in 2014 . During the first two years of operations, Tonale made undiscovered errors in taking its year-end inventories that overstated 2014 ending inventory by $50,000 and overstated 2015 ending inventory by $40,000 . The combined effect of these errors on reported income is 2014 2015 2016
a. overstated $50,000 overstated $90,000 understated $40,000 b. overstated $50,000 overstated $40,000 not affected c. understated $50,000 understated $90,000 not affected d. overstated $50,000 understated $10,000 understated $40,000
Which of the following dimension of job characteristics theory leads to knowledge of the actual results of the work activities?
A. task significance B. feedback C. autonomy D. task identity
Bohmker Corporation is introducing a new product whose direct materials cost is $25 per unit, direct labor cost is $13 per unit, variable manufacturing overhead is $9 per unit, and variable selling and administrative expense is $4 per unit. The annual fixed manufacturing overhead associated with the product is $18,000 and its annual fixed selling and administrative expense is $9,000. Management plans to produce and sell 1,000 units of the new product annually. The new product would require an investment of $110,500 and has a required return on investment of 10%. Management would like to set the selling price on a new product using the absorption costing approach to cost-plus pricing.Required:a. Determine the unit product cost for the new product.b. Determine the markup percentage on
absorption cost for the new product.c. Determine the selling price for the new product using the absorption costing approach. What will be an ideal response?