The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 6,200hoursStandard direct labor rate$7per hourLabor efficiency variance$2,100UnfavorableThe standard hours allowed for December's production is:
A. 6,000 hours
B. 6,200 hours
C. 6,500 hours
D. 5,900 hours
Answer: D
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A. the industry is a highly cohesive structure with limited fragmentation and few industry members. B. sellers are large and few in number relative to the number of buyers. C. sellers in an industry provide similar products and generally their cost structures are different because of competitive advantages in their operation. D. along the various stages of the value chain sellers are conducive to earning attractive profits. E. some sellers may be less sensitive than others to price, quality, or service differences.
Control charts that are used to monitor processes that are measured in continuous units are classified as which of the following?
A) Control charts for attributes B) Control charts for variables C) Control charts for defects D) Control charts for quality E) Control charts for sigma
The ________ method is a solution approach that partitions the feasible solution space into smaller subsets of solutions
Fill in the blank with correct word.
If you put $600 in a savings account that yields an 8% rate of interest compounded weekly, what will the investment be worth in 37 weeks (round to the nearest dollar)?
A) $648 B) $635 C) $634 D) $645