Contribution margin is:
A) the excess of sales revenue over variable cost
B) another term for volume in the "cost-volume-profit" analysis
C) profit
D) the same as sales revenue
A
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During the past four decades
a. nontariff barriers (NTBs) and tariffs have increased in importance. b. NTBs and tariffs have decreased in importance. c. NTBs have increased and tariffs have decreased in importance. d. NTBs have decreased and tariffs have increased in importance.
During which stage of the business cycle would a company such as 3M begin to focus on being more value conscious in its production decisions?
A. Depression B. Peak C. Recession D. Trough E. Recovery
Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.4grams$2.00per gramDirect labor 0.5hours$20.00per hourVariable overhead 0.5hours$7.00per hour?The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.?The materials quantity variance for January is:
A. $1,411 U B. $1,660 F C. $1,660 U D. $1,411 F
In the context of business product categories, the marketing of business services:
A. focuses on quality and relationships. B. emphasizes productivity. C. focuses on providing emergency products. D. emphasizes standardization.