Producing 10,000 units of a cell phone requires $300,000 of prime costs, uses 2,000 machine hours, and takes 1,200 setup hours. The activity rates are $40 per machine hour and $100 per setup hour. What is the unit cost of a cell phone?

A) $60
B) $40
C) $50
D) $100
E) $30


C

Business

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Refusing to acknowledge a coworker when passing in the hall is an example of ______.

A. incivility B. bullying C. mobbing D. cyberbullying

Business

A firm is said to be pursuing a polycentric innovation strategy when

A. its knowledge flow takes a one-way path-from its headquarters to the subsidiaries. B. it draws from multiple, equally important research facilities located throughout the world. C. its research facility is situated in the headquarters and all other business activities are located around the world. D. it restricts its innovation to Western economies and production to developing markets.

Business

Short-term, self-liquidating loans are intended to ________

A) provide one-time loan to the borrower who needs funds for a specific purpose B) cover seasonal peaks in financing caused by inventory and receivable buildups C) provide maximum amount to the firm that it can owe to the bank D) recapitalize the firm

Business

The major real-world benefit of debt is that interest payments are a tax-deductible expense

Indicate whether the statement is true or false

Business