Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at $6.10 per gram. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for January is:
A. $2,740 F
B. $2,482 U
C. $2,482 F
D. $2,740 U
Answer: D
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When Apple introduced its iPhone, it was priced at $599. This allowed Apple to earn the maximum amount of revenue from the various segments of the market. Two months after the introduction, the price has come down to $399
What kind of a pricing did Apple adopt? A) loss-leader pricing B) market-penetration pricing C) market-skimming pricing D) target-return pricing E) value pricing
By generating accurate forecasts of demand, time-phased delivery schedules can be developed. This is the underlying idea behind the ______ system.
A. material requirements planning (MRP) B. manufacturing resource planning (MRP II) C. enterprise resource planning (ERP) D. distribution requirements planning (DRP)
During July, the production department of a process operations system completed and transferred to finished goods 10,000 units that were in process at the beginning of July and 76,000 that were started and completed in July. July's beginning inventory units were 100% complete with respect to materials and 30% complete with respect to labor. At the end of July, 15,000 additional units were in process in the production department and were 100% complete with respect to materials and 25% complete with respect to labor. The beginning inventory included labor cost of $52,100 and the production department incurred direct labor cost of $450,750 during July. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.
A. $1.72. B. $5.02. C. $5.85. D. $5.60. E. $0.84.
Why did management in less developed countries traditionally not put a lot of energy into training women ?
a. Women don’t have the same skills as men therefore they required more investment in education b. Women were expected to stay at home and take care of the family, if they did work it was considered temporary until they started raising a family c. Women in the workplace were distracting and it’s slow down productivity d. Women had higher demands and needed special accommodations