Robert Inc uses the standard costing method. The company's main product is a fine-quality headphones that normally takes 0.5 hour to produce. Normal annual capacity is 5,000 direct labor hours, and budgeted fixed overhead costs for the year were $8,750. During the year, the company produced and sold 5,800 units. Actual fixed overhead costs were $6,000. Using the information provided for Robert
Inc, compute the fixed overhead volume variance.
A) $2,750 (F)
B) $925 (U)
C) $5,800 (U)
D) $3,675 (U)
D
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At Disneyland, employees are referred to as team members and customers are called guests. This is an example of ______.
A. stories B. rituals C. symbols D. language
Mungo Pet Supplies makes cat trees for several pet store chains. They order fasteners for the trees from a foreign supplier (lead time is 12 days with a lead time standard deviation of 3 days). Daily demand is estimated to 400 fasteners with a standard deviation of 50 fasteners per day. For a 95% service level, what is the reorder point?
a. 7625 b. 2825 c. 4800 d. Cannot be determined from the information given
The bullwhip effect reduces the profitability of a supply chain by making it simpler to provide a given level of product availability
Indicate whether the statement is true or false.
A pension plan:
A. Can be a defined benefit plan or an undefined benefit plan. B. Is the same as Other Postretirement Benefits. C. Is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire. D. Can be underfunded if the plan assets are more than the accumulated benefit obligation. E. Is always funded fully by employers.