Over the past two decades, the U.S. population has shifted toward the ________ states
A) Northern
B) Northeast
C) Sunbelt
D) Midwest
E) Corn belt
Answer: C) Sunbelt
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A product idea is ________
A) the way consumers perceive an actual or potential product B) the knowledge and awareness of a product among consumers C) a possible product that the company can see itself offering to the market D) a detailed version of the new product idea stated in meaningful consumer terms E) the testing of new product concepts with groups of target consumers
Refer to Data Table A. The lower control limit for the range chart is ______.
a. 1.777
b. 0.223
c. 0
d. 2.282
If DuPont runs advertisements encouraging people to buy clothing that contains Lycra (a DuPont product), this would be an attempt to influence secondary demand.
Answer the following statement true (T) or false (F)
Heye Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.?InputsStandard Quantity or Hours per Unit of OutputStandard Price or Rate?Direct materials6.7 grams$7.80 per gram?Direct labor0.20 hours$19.00 per hour?Variable manufacturing overhead0.20 hours$8.30 per hourThe company has reported the following actual results for the product for August:?Actual output6,300units?Raw materials purchased48,100grams?Actual price of raw materials$7.00per gram ?Raw materials used in production42,200grams?Actual direct labor-hours1,350hours?Actual direct labor rate$20.10per hour?Actual variable overhead rate$9.00per hourRequired:a. Compute the
materials price variance for August.b. Compute the materials quantity variance for August.c. Compute the labor rate variance for August.d. Compute the labor efficiency variance for August.e. Compute the variable overhead rate variance for August.f. Compute the variable overhead efficiency variance for August. What will be an ideal response?