Traeger Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated bandsaw. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$26,936 Capacity of the bandsaw 280hoursActual results: Actual total fixed manufacturing overhead$26,936 Actual hours of bandsaw use 260hours The cost of unused capacity that would be reported as a period expense on the income statement prepared for internal management purposes would be closest to:
A. $1,924
B. $0
C. $18,136
D. $18,765
Answer: A
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Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where gift-giving is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. The firm's products are also available in a number of retail establishments around the world. The leading salesperson for Clearwater Hampers is Peter Austin who has been with the company since it began operation in 1979. The firm's owners were originally trout farmers who needed a source of income during the winter months and who diversified into selling fine liquors, cheeses, chocolates, and other luxury food items. The company uses a variety of promotions to make prospects
aware of the company's products.A New York-based retailer purchases picnic hampers for $75,000 on November 1 and is given a cash discount of 3/10 net 30. If the invoice is paid on November 6, the retailer will: A. receive a quantity discount of $1,500. B. pay $75,000 plus a penalty charge of $2,250. C. receive a trade discount of $2,250. D. pay $75,000. E. receive a cash discount of $2,250.
Once MPR documents have been prepared and a connector list assembled, then it is time to
A) purchase advertising time and space. B) sell the story. C) perform audience research. D) evaluate the MPR campaign. E) agree on the media mix.
The two basic decisions to be made in developing a compensation plan are the method of payment and
A. career advancement. B. level of compensation. C. number of years of service. D. number of client commendations received. E. designation of the salesperson.
Dumping a product that has been outlawed in the U.S. in other countries is ethical
Indicate whether the statement is true or false