Which of the following is NOT an advantage of vertical integration?
A. greater buying power
B. easier adjustment of discrepancies of quantity and assortment
C. better control of distribution
D. lower executive overhead
E. stable sources of supplies
Answer: B
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The specific identification method of inventory is generally practical only for businesses in which sales volume is relatively low and inventory unit value is relatively high
a. True b. False Indicate whether the statement is true or false
Both wholesalers and equipment manufacturers/suppliers can be used as sources of funds.
Answer the following statement true (T) or false (F)
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Using the above information provided for Underfoot Products, compute the variable overhead spending variance. A) $10,000 (F) B) $10,000 (U) C) $40,000 (F) D) $40,000 (U)
Answer the following statements true (T) or false (F)
The ASEAN is a group of developing nations in Southeast Asia whose goal is to foster trade and development both within and outside the region.