The order cost per order is $10. Expected sales are 500,000 units and 20,000 units are in each order. What is the total order cost?
A) $20,000
B) $500,000
C) $250
D) $200,000
E) $2,000
C
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What will be an ideal response?
During times of rising prices, which of the following is not an accurate statement?
A) Average costing will yield results that are between those of FIFO and LIFO. B) LIFO will result in a higher cost of goods sold than FIFO. C) FIFO will result in a higher net income than LIFO. D) LIFO will result in higher income taxes than FIFO.
An organizational chart is a graphic representation of ____
a. informal communication channels within the organization. b. both informal and formal communication channels within the organization. c. formal communication channels within the organization. d. external communication channels utilized by the organization.
Sampson Apparel Inc Sampson Apparel Inc incurred actual variable overhead expenses of $20,000 in the current year for the production of 5,000 units. Variable overhead was applied at a rate of $1.50 per direct labor hour and 2 direct labor hours were budgeted for each unit. The company used 9,000 direct labor hours for production. Refer to the Sampson Apparel Inc information above. What was
Sampson's variable overhead efficiency variance? A) $6,500 U B) $6,500 F C) $1,500 U D) $1,500 F