Tierman Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$221,700 Budgeted production (a) 15,000unitsStandard hours per unit (b) 2.00machine-hoursBudgeted hours (a) × (b) 30,000machine-hours Actual production (a) 17,000unitsStandard hours per unit (b) 2.00machine-hoursStandard hours allowed for the actual production (a) × (b) 34,000machine-hoursActual fixed manufacturing overhead$207,700 The fixed overhead volume variance is: (Round your intermediate calculations to 2
decimal places.)
A. $29,560 U
B. $29,560 F
C. $43,560 F
D. $43,560 U
Answer: B
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a. integrated or becoming integrated into world markets. b. trying to overcome economic isolation. c. cutting back on foreign investment. d. economically independent.
Which of the following represents the correct flow through the marketing chain?
a. Manufacturer ? Customer ? Retailer ? Wholesaler; b. Manufacturer ? Retailer ? Customer ? Wholesaler; c. Manufacturer ? Retailer ? Wholesaler ? Customer; d. Manufacturer ? Wholesaler ? Customer ? Retailer; e. Manufacturer ? Wholesaler ? Retailer ? Customer
The total financial benefit that results from owning a brand is quantified through the process of brand ________
A) differentiation B) valuation C) extension D) positioning E) equity
_________ are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling recurring problems.
Fill in the blank(s) with the appropriate word(s).