A cost center responsibility report ________
A) includes depreciation expense
B) typically focuses on the flexible budget variance
C) is the same as a performance report
D) shows all costs incurred by the department
B
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______ is the time required for the line to produce one unit to achieve an output rate that allows a firm to meet its demand requirements.
A. Idle time B. Flow time C. Cycle time D. Setup time
A factor that contributes to effective teamwork in business is
A) an atmosphere that encourages individual accomplishment. B) financial bonuses for high-performing individuals in the team. C) financial bonuses for high-performing teams. D) a firm commitment to groupthink.
If strategic planning is essentially programming, can it display the degree of adaptiveness that 21 st century enterprises need. Would ‘strategic improvisation’ be a plausible alternative? Explore the practical consequences of strategic improvisation for enterprise management. [Several sources have promoted the analogy with the improvisation of jazz performance. See: Perry, Scott and Smallwood (1993); Hatch (1999); Kanter (2002)]
What will be an ideal response?
North Shore Clothing Company provided the following manufacturing costs for the month of June
Direct labor cost $138,000 Direct materials cost 85,000 Equipment depreciation (straight-line) 24,000 Factory insurance 19,000 Factory manager's salary 11,000 Janitor's salary 3,000 Packaging costs 19,200 Property taxes 14,000 From the above information, calculate North Shore's total variable costs. A) $313,200 B) $71,000 C) $242,200 D) $223,000