A company resorts to discount blowouts to get rid of excess merchandise. Which of the following scenarios is most likely to have triggered this action?
A) increase in inventory costs
B) ineffective tracking of the inventory
C) overestimation of demand
D) increase in the price of raw materials
C
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Donellan Company has a standard and flexible budgeting system and uses a two-variance analysis of factory overhead. Selected data for the February production activity follows: Budgeted fixed factory overhead costs $ 70,000 Actual factory overhead incurred $250,000 Variable factory overhead rate per direct labor hour $ 7 Standard direct labor hours 25,000 Actual direct labor hours 26,000 The
flexible-budget variance for February is: a. $5,00 . favorable. b. $5,00 . unfavorable. c. $2,00 . favorable. d. $2,00 . unfavorable.
A(n) ________ is a group of countries that has agreed to lower tariff barriers and promote trade among members
A) trade union B) privatized organization C) economic community D) joint venture E) global network
The ____ prohibits companies from pricing products at different amounts unless these differences reflect differences in the cost to manufacture, sell, or distribute the products
a. Internal Revenue Service b. Governmental Accounting Office c. Sherman Antitrust Act d. Robinson-Patman Act
The steam engine was replaced by the internal combustion engine using fossil fuels like diesel
and petrol. Which of the following environmental forces had the greatest influence in this case? A) technological forces B) political forces C) economic forces D) social forces