The percentage-of-sales method should be used for projecting the cost of goods sold and the expense items in the income statements.
Indicate whether the statement is true or false
Answer: True
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Which item is not one of the main categories of self-leadership strategies?
a. Natural reward strategies b. Authentic leader strategies c. Behavior-focused strategies d. Constructive thought pattern strategies
If a company has excess capacity, which of the following is a sensible bidding strategy?
A. Downplay the potential impact of competitors. B. Base the bid solely on direct labor hours. C. Set a price to cover all costs. D. Allocate common fixed costs to individual jobs before preparing the bid. E. Base the bid on the incremental costs incurred because the job will contribute toward the company's profit.
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing$5880?Supervising$33,600?Other$12,100?Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHs(Processing)Batches(Supervising)Product M011,400?800?Product M5600?800?Total12,000?1600??Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product M0Product
M5Sales (total)$86,300?$98,400?Direct materials (total)$30,200?$33,100?Direct labor (total)$29,500?$43,400??What is the product margin for Product M5 under activity-based costing? A. $4214 B. $21,900 C. $4806 D. $26,600
Point-of-purchase promotions are seldom used as a sales promotion tool because most purchase decisions are made before consumers ever enter a store.
Answer the following statement true (T) or false (F)