Which of the following statements about a typical sales-oriented business is true?
A. The company develops its products to meet the needs of specific groups of people.
B. The primary goal of the company is profit through customer satisfaction.
C. The company invests the majority of its resources in promoting its products and services.
D. The company is in business to satisfy customers' wants and needs and deliver superior value.
E. All of these statements about a typical sales-oriented business are true.
Answer: C
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Poirrier Corporation uses process costing. The following data pertain to its Assembly Department for February. Units in process, February 1: materials 75% complete, conversion 30% complete700Units started into production during February5,500Units completed and transferred to the next department4,600Units in process, February 28: materials 85% complete, conversion 65% complete1,600 Required:Determine the equivalent units of production for the Assembly Department for February using the weighted-average method.
What will be an ideal response?
A subdivision trust is a method of financing in which both the buyer and seller are beneficiaries
Indicate whether the statement is true or false
Bernes Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During October, the kennel budgeted for 2,700 tenant-days, but its actual level of activity was 2,720 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed element per monthVariable element per tenant-dayRevenue - $30.80 Wages and salaries$3,300 $6.10Food and supplies 600 10.10Facility expenses 8,800 3.60Administrative expenses 7,600 0.10Total expenses$20,300 $19.90?The activity variance for administrative expenses in October would be closest to:
A. $162 U B. $2 U C. $2 F D. $162 F