Simulation results can produce different solutions in repeated runs
Indicate whether the statement is true or false
TRUE
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A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 7.2DLHsStandard variable overhead rate$14.20per DLH?The following data pertain to operations for the last month: Actual direct labor-hours 5,100DLHsActual total variable manufacturing overhead cost$72,165 Actual output 600units?What is the variable overhead rate variance for the month?
A. $10,821 F B. $255 F C. $255 U D. $10,821 U
This question contains two parts; be sure to answer both. First, define productivity and explain why increasing productivity is important. Second, imagine that you are the manager of a large chain grocery store. Suggest at least three ways that you might improve productivity at the store.
What will be an ideal response?
Answer the following statements true (T) or false (F)
An argument supporting regulation is that the only way to increase production of public goods to meet the real demand of the public is through regulatory intervention.
If the contribution margin ratio increases, the break-even point in sales dollars will
A) increase B) decrease C) remain the same D) double