Products Green, Red, and White have unit contribution margins of $6.50, $12, and $10, respectively, and require 2, 4, and 3 direct labor hours per unit, respectively. If demand currently is far exceeding supply, on which product should the company concentrate its efforts?
A) Green
B) Red
C) White
D) Either Green or Red
C
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If a difference is found between the physical count and the amount in the perpetual inventory records, an adjusting entry is made to which of the following accounts?
a. Inventory Short and Over b. Purchases c. Accounts Payable d. Accounts Receivable
The Toxic Substance Control Act (TSCA)
A. gives the EPA broad jurisdiction in controlling risks from manufacturing, processing, use, and disposal of chemical compounds. B. gives the state legislatures broad jurisdiction in controlling risks from manufacturing, processing, use, and disposal of chemical compounds. C. gives the EPA limited jurisdiction in controlling risks from manufacturing, processing, use, and disposal of chemical compounds. D. gives the FDA broad jurisdiction in controlling risks from manufacturing, processing, use, and disposal of chemical compounds.
Which of the following is not an inherent limitation in an auditor's ability to detect material misstatements relating to a client's compliance with laws and regulations?
a. Laws and regulations often relate to operational issues within the entity that do not necessarily relate to the financial statements, so the information systems relating to financial reporting may not capture noncompliance. b. The legal implications of noncompliance are ultimately a matter for legal authorities to resolve, and are not a matter about which the auditor can resolve. c. Management may act to conceal noncompliance, or may override controls, or may intentionally misrepresent facts to the auditor. d. Auditors are not required to consider the applicable legal and regulatory frameworks that apply to the entity.
________ are the major marketing factors in the sale of most manufactured materials and parts
A) Branding and advertising B) Price and service C) Sales promotion and advertising D) Branding and packaging E) Public relations and brand management