Exceptions in policies and procedures should be forbidden
Indicate whether the statement is true or false.
Answer: FALSE
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A franchisee owner is unsatisfied because the manufacturer provides more benefits to a wholesaler. This conflict is an example of a(n) ________ conflict
A) horizontal B) vertical C) intermediate D) multichannel E) parallel
Engineworks Co. provides the following fixed budget data for the year:Sales (20,000 units) …………………………….?$600,000Cost of sales:?? Direct materials …………………………….. $200,000? Direct labor …………………………………160,000? Variable overhead …………………………..60,000? Fixed overhead ……………………………..80,000500,000Gross profit …………………………………….?$100,000Operating expenses:?? Fixed ………………………………………..$12,000? Variable …………………………………….40,000 52,000Income from operations ………………………..?$ 48,000The company's actual activity for the year follows:??Sales (21,000 units)
…………………………….?$651,000Cost of goods sold:?? Direct materials …………………………….. $231,000? Direct labor …………………………………168,000? Variable overhead …………………………..73,500? Fixed overhead ……………………………..77,500550,000Gross profit …………………………………….?$101,000Operating expenses:?? Fixed ……………………………………….12,000? Variable …………………………………….39,500 51,500Income from operations ……………………….?$ 49,500Required:Prepare a flexible budget performance report for the year using the contribution margin format. What will be an ideal response?
Maintainability refers to ______.
a. the ease with which an equipment or system can be repaired or serviced b. the meantime between failures c. the time a system is available for use when needed d. the downtime experienced by a system
A set of two or more multivalued attributes that are logically related defines:
A) relationship. B) associative entity. C) repeating group. D) class. E) repeating entity.