costs are linear within the relevant range. The ABC Company had its highest level of production in May when they produced 4,000 units at a total cost of $110,000 and its lowest level of production in November when they produced 2,500 units at a total cost of $87,500. 15) Which of the following expenditures associated with the production of a new high-performance SUV will be directly included in GDP? (j) Indicate the amount pertaining to each letter. In the context of the marketing mix, the product includes: The product in the marketing mix includes: MaxNutri Inc. sells cookies and nutrition bars. 28) The circular flow of income shows that. In the context of following up on a marketing plan, _____ entails gauging the extent to which marketing objectives have been achieved during the specified time period. Each of the following are methods used to separate mixed costs into their fixed and variable components except: Which of the following is the correct statement about fixed costs? Calculate Lone Oak's cost of goods manufactured. McGregor Company allows customers to pay with credit cards. Pay employee salaries of $540 by issuing checks. In this case, which of the following is most likely to happen? a. developmental 154 and Job No. a. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. In this case, Revel Inc. focuses on the _____ element of the marketing mix. &F=\left[\begin{array}{rrr} On May 28, the company pays $9,000 to purchase equipment. If the company incurs $62,000 in total fixed costs and expects to sell 2,500 units their income would be $. 12. A company encourages employees to call an anonymous hotline if they believe other employees are circumventing internal control features. c. They provide long-term benefits. Which account(s) are debited in the journal entry to record manufacturing labor costs? Which of the following are preventive controls? | 2,000 | $.35$ | 1,700 | $.15$ | A theory c. Management d. Self-dealing e. Divestment, Which of the following helps make the management process efficient? Dr. Lewis studies the topic of crowding. Through the White House Opportunity and Revitalization Council (Council), which includes representatives from 17 different Federal agencies and Federal-State partnerships working together to spark a wave of innovation in these distressed parts of our country, we have seen firsthand the current and future potential of Opportunity Zones. 3 & 5 A firm's assets are functionssuch as customer service and promotionsthat the firm performs better than its competitors. There has been a long-simmering dispute between the company's estimator and the work supervisors. The product sells for $10 per unit. The construction in progress account is equivalent to which account in a manufacturing environment? Individuals in the age group of 11 to 16 years who extensively use the internet is an example of a market segment. Precautionary Statements Hazard Statements Contact Information. A company sells two models of a productbasic and premium. 5 & 3 \\ The net income (or net loss) generated on the Income Statement appears at the top of the company's year-end balance sheet. In this scenario, MaxNutri Inc. is working on its _____. Which of the following is the correct statement about variable costs? In the context of the Boston Consulting Group's (BCG's) portfolio matrix, unlike question marks, dogs: _____ is the strategy of preserving market share so that an organization can take advantage of the very positive cash flow. | (Fixed) Manufacturing supervisors salaries | 22,500 | 22,000 | The product sells for $10 per unit. The marketing managers at Addoso Inc. have discovered that a new competitor is gaining more customers by selling products at lower prices. | (Fixed) Property taxes | 300 | 300 | Multiple choice question. The company's fixed costs are $30,000. | 1,500 | $.02$ | 1,200 | $.02$ | 1 & 0 \\ 40) In the computation of GDP, social security payments count as A) transfer payments and are included in GDP. the difference between expected sales and break-even sales divided by expected sales. 34) The circular flow diagram indicates that, 35) In the circular flow model of an economy, households, 36) In the circular flow diagram, aggregate expenditure includes the sum of, 37) In the circular flow of economic activity, 38) In the circular flow diagram, aggregate expenditure includes. The employees are required to finish these activities within a month. Study with Quizlet and memorize flashcards containing terms like Which of the following does not describe intangible assets? **Use the following matrices** All jobs, except for Job No. brown? The company's fixed costs are $40,000. Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Daniel F Viele, David H Marshall, Wayne W McManus. $$ It plans to adopt a product development strategy. They landed new roles globally, working. In the portfolio matrix, a _____ has low growth potential and a small market share. 98) Which of the following best represents an indirect tax? \end{array}\\ It manufactures canvas shoes that are quite similar to those produced by other brands. ), opening mail daily and making a detailed list of checks received, AND having two different employees take custody of the checks and make the deposit. Using the high-low method, the estimated fixed costs are, The three methods used to classify costs into their fixed and variable components includes. 116) Which of the following is TRUE regarding real GDP? Prop 30 is supported by a coalition including CalFire Firefighters, the American Lung Association, environmental organizations, electrical workers and businesses that want to improve Californias air quality by fighting and preventing wildfires and reducing air The company's fixed costs are $30,000. As directed by top management, I simply multiply the square footage by $2.50 to determine the bid price. fixed mixed variable, The ABC Company had its highest level of production in May when they produced 4,000 units at a total cost of $110,000 and its lowest level of production in November when they produced 2,500 units at a total cost of $87,500. The Zanin Ore Company declares a quarterly dividend of $0.24 a share on its no-par value common stock. Study with Quizlet and memorize flashcards containing terms like Hi-Tek Manufacturing, Inc., makes two types of industrial component partsthe B300 and the T500. RST Company produces a product that has a variable cost of $6 per unit. 53) If Ford sells 200 Explorers for a total of $400,000 to Germany, while the United States imports. English I Unit 7 Study Session. When properly created, a strategic business unit (SBU). c. There are more parks in suburban areas than in urban areas. 14) Gross Domestic Product is equal to the sum of consumption expenditure, investment, net exports, and ________. What is Brother Company's total unit cost? | (Fixed) Trucks and forklift depreciation | 1,500 | 1,500 | $$ random from a large bag. 45) According to the circular flow diagram, the dollar value of a nations output is equal to. |--------------------------------------------------|:----------------------:|:------------------:| Their unit selling price is $10. The greater the variation in potential outcomes, the greater the uncertainty faced by the decision maker; the smaller the variation in potential outcomes, the more predictable the decision maker's gains or losses. | 4,000 | $.01$ | 3,700 | $.02$ | (f ) Actually take 100 samples of two M&Ms (with replacement) and record the frequency of each outcome listed in (b) and (c) above. About Our Coalition. Which of the following are detective controls? | (Fixed) Engineering costs | 27,000 | 25,000 | Create a presentation outlining the leatherback sea turtle's migration and mating patterns in map and graph/chart forms. 156, 157, and 158 were started. (Select all that apply.). \end{array}\right] \begin{array} {l|c}\hline A) market value of all final and intermediate goods and services B) market value of all goods and services C) amount of final and intermediate goods and services D) market value of all final goods and services, 2) Gross What is the effect of this entry on current-year net income and the balance in the Retained Earnings account at year-end? ($270,000 CR - $220,000 DR = $50,000 CR; Dividends are not closed to Income Summary). Environmental scanning refers to the process of collecting and interpreting information about forces, events, and relationships in the external environment that may affect the future of the organization or the implementation of the marketing plan. On December 31, Job No. 21) Which of the following purchases is included in personal consumption expenditures when determining gross domestic product? Standard and actual overhead costs were as follows. Economics b. Unlike a cost competitive advantage, a competitive advantage based on product/service differentiation: Which of the following is a distinct feature of a product/service differentiation competitive advantage? Commonwealth Company has the following unit costs: direct materials $2, direct labor $4, variable overhead $1, fixed overhead $3. Manufacturing overhead was $1,470 underapplied in December. Assuming all other factors remain constant, if fixed costs increase, then the break-even point will: Sales mix is the (volume/proportion/mix) of the sales volume for each product. The company should provide employees with appropriate guidance to ensure they have the knowledge necessary to carry out their job duties. For each item, indicate whether it represents an addition or a subtraction in reconciling the company's cash balance. ***Instructions*** b. physiological Hi-Tek Manufacturing, Inc., makes two types of industrial component partsthe B300 and the T500. 6. In a bank reconciliation, which of the following will require a journal entry by the company? | Firm A | | Firm B | | They describe the potential total physical damage losses next year to the fleets of delivery trucks of two different firms. 86) In the country of Darrowby, net domestic income at factor cost is $2.0 million. | Computer costs | 10,000 | 10,000 | Which of the following is not an element of the fraud triangle? Assuming production and sales of 750,000 units, the contribution margin per unit is $, RST Company produces a product that has a variable cost of $6 per unit. 18) Consumption expenditure is the payment by households for consumption of, 20) Personal consumption expenditures include. Drafi Arts Corp. makes and sells original handicraft goods. Which of the following are ways Darla's business could engage in the global market., A weak Indicate whether the transaction will be reported in the statement of cash flows. Compute Naple's net income under absorption costing. A company sells paper stationery made of recycled materials that no other paper manufacturing company in the market has the ability produce. 33) All of the following are included in gross private domestic investment expenditure EXCEPT a A) businesss purchase of a fleet of cars. 43) Which of the following transfer payments is included in GDP? 99) The presence of ________ creates a difference in the value between the market price and the factor cost of a product. 2. Z=\left[\begin{array}{lll} The price component of the marketing mix is: _____ multiplied by the number of units sold equals total revenue for a firm. 18) Which of the following expenditures is for an intermediate good? Net income is understated and the balance in the Retained Earnings account is correct. $$ 158 was unfinished. $$ Check out a sample Q&A here Round to the nearest hundredth, if applicable. 4 & 2 & 1 & 1 \\ To prevent improper use of the company's resources, only certain employees are allowed to carry out certain business activities. Marketing objectives must be consistent with and indicate the priorities of the organization. In the context of the marketing mix, which of the following business activities is closely associated with promotion? What is an example of job costing? Compute the company's cost of goods sold. These jobs had combined direct materials costs of $9,750 and direct labor costs of$15,000. The product sells for $10 per unit. Question Factory overhead includes: A. a. Effective internal control over cash requires segregation of duties. Murphy uses direct labor-hours as its allocation base. \end{array}\right. b) Work in process and Manufacturing overhead. 48) Comparing aggregate expenditure and aggregate incomes shows that, 50) Gross domestic product can be calculated. A small amount of cash on hand to pay for minor purchases is commonly referred to as a(n) Input Field 1 of 2 petty unavailable correct Input Field 2 of 2 cash unavailable correct fund. 41) Which of the following items is NOT part of government expenditure on goods and services in the GDP accounts? buys a new copier for its store for $1000. \text{End Balance}\hspace{47pt} Build an impressive slide deck in minutes, craft an insightful icebreaker instantly, or find a new and creative way to engage your audience! The entry needed to adjust the company's cash balance for this reconciling item will include a: In examining its monthly bank statement, a company discovers that that its account was credited $30 for interest earned. According to the Boston Consulting Group's (BCG's) portfolio matrix, a star is a fast-growing market leader. A company has sales of $125,000, variable costs of $45,000 and fixed costs of $30,000. 90) Compensation paid to employees represented ________ of GDP for the United States in 2010. Laelle Corp. is a company that produces large automotive spare parts. Direct materials: 20 pounds x $6 per pound Direct labor: 5 hours x $16 per hour Variable manufacturing overhead: 5 hours x $4 per hour The following activity occurred during the month of November: Materials purchased: 250,000 pounds $5.20 per pound. The company has production costs of $600,000, half of which are fixed costs. T OR F, A strategic business unit (SBU) is a single business or a collection of related businesses. (g) Which definition of probability applies in this situation? 1 & 2 & 3 \\ 78) The five categories of income used in the income approach to the measurement of GDP are A) consumption, saving, rental income, corporate profits, and investment. situations. It had a cost of$4,000. Manufacturing costs are the costs incurred during the production of a product. Which of the following is an example of a preventive control in a company? Include: Currency, short term investment, balance in checking, balance in savings, checks, and coins. The Income Summary account has debits of $85,000 and credits of $75,000. 3. 41) In the above figure, household income is shown by flow A) A. Study with Quizlet and memorize flashcards containing terms like Operations management is concerned with the _____ of a firm's productive systems. In the context of the Boston Consulting Group's (BCG's) portfolio matrix, which of the following is a similarity between stars and cash cows? use in expensive homes, restaurants, and hotels. 22) Personal consumption expenditures include all of the following EXCEPT spending on A) consumer durable goods. c. social Which of the following accounts should not be closed? under the (absorption,variable) costing method only costs which vary with changes in production volume are assigned to products. Steel purchased by a company for manufacturing cars c. Wheat purchased by a bakery d. A cup of coffee bought at a restaurant includes investment, government purchases, exports, and transfer payments. In the context of the Boston Consulting Group's (BCG's) portfolio matrix, a _____ is a strategic business unit that generates more cash than it needs to maintain its market share. Increasing a product's use, Finding new customers, Creating a new use situation, Match the example with the correct market Be sure to (1) explain why the turtle follows these migratory and mating patterns and (2) how climate change and human activity have impacted these patterns. Cost of goods sold is $6 per unit. 84) Which of the following is NOT one of the components for computing GDP based upon the income approach? a. direct labor cost b. direct materials cost c. variable and fixed factory overhead cost d. variable and fixed selling and administrative expense, Under variable costing, which of the following costs would not be Income statement, statement of retained earnings, balance sheet. (Select all that apply. More people choose to get graduate degrees when the job If a review of the accounting records determined that $86,000 of goods were still in production at year-end, Hamilton should make a journal entry on December 31 that includes: a credit to Work-in-Process Inventory for $432,000. 62) The difference between gross investment and net investment is, 63) If depreciation is less than gross investment, then net investment is. (a) Show the sample space. Which of these matrices are square. When preparing a scatter diagram, the estimated line of cost behavior is drawn on a scatter diagram to show the relation between: a cost changes in proportion to changes in volume of activity. Debit repairs and maintenance expense, credit cash. These assumptions include: (Check all that apply.). Indicate whether the transaction is an operating, financing, or investing activity. Fundamentals of Financial Management, Concise Edition, Don Herrmann, J. David Spiceland, Wayne Thomas, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. | Loss Next Year | Probability | Loss Next Year | Probability | A company that sells multiple types of products has a combined selling price per unit of $150, combined variable cost per unit of $50 and total fixed costs of $25,000. b. Multiple choice question. Within manufacturing overhead, some costs are fixed -- meaning, they don't tend to change as production increases -- and others are variable. AND safeguard company assets, The asset that is most susceptible to employee fraud is, The Committee of Sponsoring Organizations (COSO) of the Treadway Commission provided a framework for, Which of the following items are not included in cash, Which of the following are common controls over cash receipts? Strategic planning is just an annual exercise. 21) In computing GDP, it is essential to A) avoid double counting. b. \ Assuming all other factors remain constant, if variable cost per unit increases, then the break-even point will: The break-even point can be expressed as sales in, RST Company produces a product that has a variable cost of $6 per unit. After some discussion, she designed a simple system consisting of four activity cost pools. Demands a "good faith effort" by management. 153 was in the fi nished goods warehouse. Materials, labor and overhead C. Only materials and overhead D. Only Labor, The step down method begins allocating cost with the department that provides the ___ amount of service to other service departments, Gather information about the leatherback sea turtle. $$ 89) Looking at the components of the income approach we see that. In the context of the Boston Consulting Group's (BCG's) portfolio matrix, which of the following is a similarity between cash cows and dogs? Overhead was applied at a rate that was 75% of direct labor cost. A. A year later, when the firm wants to upgrade to a new copier, it finds that the old copier is only worth $750. 69) Using the information in the table above, calculate the governments budget deficit or surplus. \hspace{40pt}\textbf{Finished Goods Inventory}\\ I. They lack physical existence. If a business closes its accounts only at year-end: Revenue and expense accounts reflect year-to-date amounts throughout the year. Which of the following will cause differences between the bank statement balance and the accounting balance for cash? What techniques do artists use to convey perspective in their work? 15) Which of the following items is not a component of the expenditure approach to measuring U.S. 16) In the expenditure approach to GDP, the largest component is. 12/01/2022. 30) If we compare the four sources of spending in the economy we see that A) household consumption is the smallest. The marketers at Gemini Inc. have prepared a marketing plan for the company's air conditioners. Do you think its better to maintain or to change ones routine in response to tragedy? She knows the global market offers many opportunities. $16,640 ($21,920 - $3,200 - $1,120 - $960 = $16,640). | 2,500 | $.30$ | 2,200 | $.30$ | Variable fixed manufacturing overhead is a part of period cost and absorption costing it a part product cost. Eldams Inc., a technological firm, started producing a new gaming console for its domestic market. On December 31, Job No. Murphy Manufacturing estimated manufacturing overhead for 2013 to be $100,000. ; 03-04 Compute underapplied or overapplied overhead cost and prepare the journal entry to close the balance in Manufacturing Overhead to the appropriate accounts. Authorizing transactions, recording transactions, and maintaining control of the related assets should be separated among employees. ), Which of the following items will require a journal entry following a bank reconciliation? The revised break-even point in dollars is $. Income is $, A company sells two models of a productbasic and premium. Revel Inc., a cell phone manufacturer, decides to launch its new range of smartphones on the company's official Web site so that its logistics issues can be solved. Management must document the effectiveness of procedures that could affect financial reporting. reconciliation, performance reviews, audits, A bank reconciliation reconciles the bank statement with the company's. 47) Net exports of goods and services equal the, 49) In 2010, net exports in the United States were, 50) To calculate GDP using the expenditure approach, in part it is necessary to, 51) An increase in exports of goods or services with no change in imports of goods or services. A=\left[\begin{array}{rrr} According to Ansoff's strategic opportunity matrix, which of the following is most likely to happen? In a target market strategy, identifying the market segment or segments begins with a market opportunity analysis (MOA). Overhead is applied to production based on Study with Quizlet and memorize flashcards containing terms like CVP analysis looks at how _ is affected by sales price per unit, variable costs per unit, volume, and fixed costs., A cost remains unchanged when the volume of activity changes within the relevant range., Which of the following is the correct statement about variable costs? Their direct materials are $8, direct labor is $6 and total overhead is $5 of which $3 is variable. \$\hspace{5pt}\text{(g)}&\text{Jobs completed}\hspace{35pt} ____________________________________________________________________________. | Indirect materials | $12,000 |$ 12,300 | It had a total cost of $5,000. PS 101 QUIZ 1 Learn with flashcards, games, and more for free. The company is considering purchasing a new manufacturing machine which would improve efficiency. | Small tools | 700 | 1,400 | 27) A new 2010 Honda Civic produced in 2010 and purchased in 2011 is. A company that sells multiple types of products has a combined selling price per unit of $150, combined variable cost per unit of $50 and total fixed costs of $25,000. Study with Quizlet and memorize flashcards containing terms like d. equal to net sales less cost of goods sold., c. $400,000, b. 13) Which of the following is a final good? Study with Quizlet and memorize flashcards containing terms like 1) Which of the following is true with regard to personal selling? Using the high-low method, the estimated variable cost per unit is $, The ACC Tutoring Service provides tutoring to accounting students. In the context of SWOTinternal strengths (S), weaknesses (W), external opportunities (O), and threats (T)analysis, which of the following can be considered as a strength of an organization? The underbanked represented 14% of U.S. households, or 18. Find the value of the variable that is not given. In the notes to financial statements, adequate disclosure would typically not include: The optimism of the CFO regarding future profits. Question: Manufacturing overhead is not: A.) They estimated that 5,000 hours would be used in 2013. 74) The approach to GDP that sums compensation of employees, rental income, corporate profits, net interest, proprietors income, depreciation, and indirect taxes and subtracts subsidies is the A) opportunity cost approach. 158, were completed in December. Compute Mandolin's net income under variable costing. Which of the following strategies can help companies make strategic planning effective? (Enter one word per blank. 157 was the only job finished that was not sold. 3 & 2 & 1 \\ Over the year the copier was used, ________ has occurred. | (Fixed) Manufacturing offi ce employees salaries | 13,000 | 12,500 | 81) The income approach measures GDP by adding together compensation of employees, proprietors income, ________. Market segments cannot be differentiated by demographic characteristics. The variable cost per unit does not change when volume changes. We indicated above that the fixed manufacturing overhead costs are the rents of $700 per month, or $8,400 for the year 2021. What kinds of costs are assigned to units of product in absorption costing (check all that apply)? Investing cash flows would include which of the following? Accounting personnel routinely reconciles the company's cash records with those of its bank to identify discrepancies. An entity incurs these costs during the production process. This job had charges for direct materials $3,800 and direct labor$4,800, plus manufacturing overhead. The two discrete probability distributions given in the next table were developed from historical data. Discuss influences that have led to a change in lifestyle for nomadic peoples in North Africa. All manufacturing costs, except indirect materials and indirect labor B. 100) The sum of compensation to employees, rental income, corporate profits, net interest, and proprietors income is, 101) Two reasons why valuing goods at their market prices is different than valuing them at their factor costs include, __________________________________________________________________________________________, ________________________________________________________________________________________, ______________________________________________________________________________________________________, _________________________________________________________________________________________________________________, 109) Nominal GDP is the value of final goods and services, 110) Normally in the United States the relationship between nominal and real GDP for a given year is. One such non-custom model is called Luxury Base Frame. (a) Contracts resulting from sealed bidding shall be firm-fixed-price contracts or fixed-price contracts with economic price adjustment. KhiemChi101 Plus. ACC had its highest level of service in May when they provided 4,300 hours of tutoring at a total cost of $125,000 and it lowest level of service in January when they provided 1,500 hours of tutoring at a total cost of $55,000. 10) If Frito Lay, an American snack company, opens a new manufacturing facility in Mexico and produces snacks which are distributed in South America, then Mexicos GDP ________ and U.S. 11) The word final in the definition of GDP refers to. If an organization has a strategic business unit that has been classified as a star, harvesting would be an appropriate goal. A strategic business unit (SBU) is a single business or a collection of related businesses. Unlike a sustainable competitive advantage, a cost competitive advantage: Jove Inc. is a chocolate manufacturer in the city of Lumberne. Unlike an operating decision, a strategic decision probably will not have a big impact on the long-run profitability of the company. A) Personal selling entails personal presentations by a firm's sales force for the purpose of making sales and building customer relationships. When a company finds out that an NSF check was written to the company, the company must ______ the balance in the cash account. Phillips Corporations fiscal year ends on November 30. Those who have a checking or savings account, but also use financial alternatives like check cashing services are considered underbanked. The product sells for $10 per unit. The premium model has a variable cost of $100 and sells for $150. | 4,500 | $.01$ | 4,200 | $.02$ | B.) 4 & 0 & 3 The key to having a competitive advantage is the ability to imitate a competitor's strategy. \$\hspace{5pt}\text{(i)}& \\ \\ | 1,000 | $.01$ | 700 | $.02$ | standard direct labor hours. 38) Which of the following is included in government expenditures when measuring GDP? The fixed cost per unit will decrease when volume increases. 3) GDP using the expenditure approach equals the sum of personal consumption expenditures plus, 4) The expenditure approach measures GDP by adding, 5) The four categories of expenditure used by the expenditure approach method to calculate GDP are, 6) In the equation, GDP = C + I + G + X - M, G refers to, 7) The components of the expenditure approach to measuring GDP include all of the following, 8) All of the following are components of the expenditure approach to measuring GDP EXCEPT, 9) The largest component of GDP in the expenditure approach is, 10) Of the following, the largest component of GDP is. An automatic withdrawal for Oscar's February rent was made on February 4 Under the absorption costing method, what is the total unit cost? Which of the following are widely used allocation bases in manufacturing (check all that apply)? Management should periodically determine whether the amounts of physical assets of the company match the accounting records. (Select all that apply.). To ensure the bank balance per reconciliation is equal to the company balance per reconciliation. This gives it an edge over the other chocolate makers in Lumberne. The account was charged with direct materials, direct labor, and manufacturing overhead of $450, throughout the year. The break-even point is the sales level at which a company: RST Company produces a product that has a variable cost of $6 per unit. According to Ansoff's strategic opportunity matrix, a firm that adopts a diversification strategy: Apcon Mobiles Inc. is a popular cell phone manufacturing company. | Indirect labor | 43,000 | 51,000 | 118) Suppose an economy has some inflation. Imitating a rival's competitive advantage requires the company to first identify the rival's competitive advantage. \end{array} Collin Corp. purchases equipment to be used in manufacturing. If a company records a transaction before the bank records the same transaction, this is called a/an ______ difference. 58) Gross investment equals net investment plus. Jack works on the production line at an assembly plant. Beauden Barrett.Barrett's current salary is believed to be $1 million per season making him the highest paid player in rugby history.Barrett is yet to comment on the potential deal. T OF R, Unlike product development, market development involves opening businesses in markets that -1 & 0 & 1 \\ Administrative overhead includes those costs not involved in the development or production of goods or services, such as the costs of front office administration and sales; this is essentially all overhead that is not included in manufacturing overhead. 1. based on visual fit and subject to interpretation. The bank properly recorded the check for this amount. Manufacturing overhead includes any cost related to a completed product, not considered a direct cost. In the context of implementation, which of the following statements is true of a task force? Murphy company has three departments, and uses a multiple predetermined overhead rate system. Fixed selling expenses are $10,000 and variable selling and administrative expenses are $3 per unit. so it can be said as a manfacturing cost. Determine the number of completed units manufactured during the year. Under the (absorption,variable) costing method only costs which vary with changes in production volume are assigned to products. Maker's Company produces a product that has a variable cost of $4 per unit. If the company sells 5,000 basic models and 2,500 premium models, then the sales mix can be expressed as: A company sells two models of a productbasic and premium. Companies can make strategic planning more effective by: Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. _____ is a thorough, systematic, periodic evaluation of the objectives, strategies, structure, and performance of the marketing organization. Freulia Inc. manufactures and sells stationery and office supplies. Study with Quizlet and memorize flashcards containing terms like Which of the following are functions of exports assistance centers (EACs), Darla's bicycle ship in the United States is experiencing a slowdown in its growth. Income tax return, income statement, balance sheet. Absorption costing includes variable manufacturing costs in product costs; variable costing considers variable manufacturing costs to be period costs. A customer paid $250 using a check for purchases made in the first week of January. 76) Proprietors income is a component of which approach to measuring GDP? At the end of each day, a single employee collects all cash received from customers, records the total, and makes the deposit at the bank. The contribution margin ratio is. | 5,000 | $.01$ | 4,700 | $.01$ |, A formula is given, along with the values of all but one of the variables in the formula. 34) In the national income accounts, government expenditure on goods and services refer to those purchases made by. A task force is a tightly organized unit under the direction of a manager who, usually, has broad authority. ), Margot, a prospective investor, wants to know how much cash Ziegler Inc. has on December 31. 16) Intermediate goods are excluded from GDP because, 17) A ton of coal purchased by your local utility to burn to make electricity would be best described as. In this case, which of the following is true of its promotional strategy? A. During the first month of operations (October 2012), Self Music Services Corporation completed the following selected transactions: The business received cash of $25,000 and a building valued at$51,000. What would cause a bank statement not to agree with the cash balance in the accounting records? Audit firm cannot provide a variety of other services to its client, such as investment advising. $$ Department C places completed units in a heat chamber to sterilize them before they are shipped out. \text{Beg. Market segments cannot be differentiated by ethnicity and multicultural aspects. 11) Which of the following is NOT part of the expenditure approach to measuring GDP? | $\$ 0$ | $.01$ | $\$ r 0$ | $.00$ | The weighted-average contribution margin per unit is $. | (Fixed) Machinery depreciation | 3,000 | 3,000 | Match each example below to the correct cost type. 0 & 0 & 0 \\ For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. 27) The circular flow shows that the household sector earns its income by A) selling factors of production. Create truly unique presentations Use a wide range of interactive slides to pose questions, gather feedback, and connect with your audience. The contribution margin ratio is. a. All manufacturing cost, except direct materials and direct labor. | 500 | $.01$ | 200 | $.01$ | During the most recent month, only 900 units were produced; 4,500 direct labor hours were allowed for standard production, but only 4,000 hours were used. On October 1, 2016, Josh Smith, attorney, accepted an $10,800 cash advance from his client, James Company, for services to be performed over the next six months. On May 8, the company purchases supplies worth $4,000, on account. leakages. Explain. The product sells for $10 per unit. Calculate Lone Oak's manufacturing overhead for the year. 2 & 1 & 1 \\ 44) Which is NOT part of GDP calculated using the expenditure approach? The management of the company has decided to adopt a product/service differentiation competitive strategy. All employees have the authority to refund a customer's money. a. Which of the following is an example of a detective control in a company? 42) In the above figure, consumption expenditure is shown by flow A) A. Employees responsible for making cash disbursements are not in charge of cash receipts. C. Indirect materials but not indirect labor D. Indirect labot but not indirect materials Expert Solution Want to see the full answer? Match each department with an appropriate overhead allocation rate. According to the Daily Telegraph, the deal is worth $10m over three years. If the company usually sells 5 basic models to 3 premium models, then the weighted-average break-even in units is, A company produces a product with variable costs of $2.50 per unit. Purchase computer equipment of $940 using a credit card. Study with Quizlet and memorize flashcards containing terms like Job costing information is used _____. Which of the following statements is true of a marketing audit? How much overhead was applied to a job completed during 2013 that used 200 direct labor-hours? How close did your empirical results come | Electricity | 2,500 | 2,500 | \begin{array}{ c } Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. answer: FALSE Difficulty: 1 Easy Topic: The Flow of Costs in Job-Order Costing; Underapplied and Overapplied Overhead Learning Objective: 03-02 Use T-accounts to show the flow of costs in a job-order costing system. $$ Gross profit and contribution margin, variable cost are moved above. Nerfs government expenditure on goods and services were ________. 5 & 1 \end{array}\right] The weighted average contribution margin in units is. Its customers will be given a complimentary air ticket on the purchase of three business class tickets. An activity _________ pool relates to a single activity measure in the activity-based approach. Retained Earnings at the end of a period: Is determined in the Statement of Retained Earnings. Marketing managers rely on customer databases for effective implementation of the market penetration strategy. ), In a process operation, each process has a separate department which will accumulate costs for each of the following:, Process and job order operations are similar in that both: (Check all that apply.) 4 & 2 \\ In this case, which of the following market segments can be targeted by Nessca Inc.? Which of the following statements is true about a niche strategy? Construction companies regularly rely on job costing to evaluate their projects. &C=\left[\begin{array}{ll} In the context of the marketing mix, which of the following statements is true of the product? The company's fixed costs are $30,000. Margot can find the information in Ziegler's: (Select all that apply. 55) Suppose Mail Boxes Etc. 96) An indirect tax is a tax paid by consumers. 1. Study with Quizlet and memorize flashcards containing terms like What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online company?, Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company?, What company information does QuickBooks ask for when you first create a new QuickBooks online Fixed costs are $150,000. Other Quizlet sets. blue, 20 percent orange, and 16 percent green. They want to promote the company's products among the public. A(n) _____ is any event that causes consumption of overhead resources. Dividends will have what effect upon retained earnings? The use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employer's resources is called occupational, A periodic performance review is an example of a(n) _____ control, Internal control consists of plans to (Select all that apply. This company has a competitive advantage. The actual performance of individuals or processes should be checked against their expected performance. Pay for maintenance of $340 for a company vehicle using a debit card. Use the formula found in Exercise $33$ to find fair odds for the game of roulette with one green number as described in Exercise $27$. Provided below are items related to Beaver Company during the month of April. A diversification strategy is ideal when a firm is entering unfamiliar markets. Assets are considered current assets if they are cash or will usually be converted into cash: Net income from the Income Statement appears on: The adequacy of a company's disclosure is based on: A combination of official rules, tradition, and professional judgment. The owner's daughter, home for the summer from college, has suggested investigating this question using activity-based costing. Given the following expenditures during the year, calculate the amount capitalized as the cost of equipment. The on-site supervisors claim that the estimators do not adequately distinguish between routine work, such as removal of asbestos insulation around heating pipes in older homes, and nonroutine work, such as removing asbestos-contaminated ceiling plaster in industrial buildings. Income statement, annual report, balance sheet., Assets are neither variable nor fixed only fixed both variable and fixed only variable, Companies that use job-order costing make ______. \end{array}\right] \quad D=\left[\begin{array}{ll} In the context of SWOTinternal strengths (S) and weaknesses (W) and external opportunities (O) and threats (T)analysis, which of the following actions should be taken by the marketing managers at Addoso Inc.? Absorption costing includes all of the following as part of the product cost: (Check all that apply): Naples Company produced 650,000 units and sold 500,000 units. An indirect cost. RegiSure is a strategic business unit that shows low growth but has a dominant market share. \lim _{x \rightarrow-1 / 3} \frac{1\ -\ 3 x}{9 x^2\ +\ 1} A competitive advantage is a set of unique features of a company and its products that are perceived by the target market as significant and superior to those of the competition. 29) In the calculation of gross domestic product by the expenditure approach, the investment component is, 30) An example of investment in computing real GDP using the expenditure approach is the purchase of, 31) An example of investment in the national income accounts is the purchase of. A statistical method of identifying cost behavior that is computed using spreadsheet programs or calculators is: True or false: On a scatter diagram, costs are plotted on the horizontal axis. Manufacturing overhead costs (check all that apply): _______ ________ inventory consists of completed units that have not yet been sold. The product sells for $5.00 per unit. to your predictions? Determine the value below which 95 percent of the observations will occur. A) to determine target customers B) to calculate the percentage of completion C) for internal financial reporting D) to enhance public relations, Product costing information will include _____. $$ Compute the standard deviation of each probability distribution and determine which firm faces the greater risk of physical damage to its fleet next year. Which of the following should be the main focus of marketers in accordance with distribution strategies? According to Ansoff's strategic opportunity matrix, unlike market development, product development: Choqlate King Inc. is a large company that produces and sells chocolate bars. Suppose you choose a sample of two M&Ms at Adjustments to the balance per books for items discovered on the bank reconciliation that were not yet recorded on the books, Cash disbursements that have been recorded in the company's accounting records but are not yet recorded, When adjusting the company's cash account balance in a bank reconciliation, which items reduce the company's cash account balance? A factor that causes overhead costs is called a: A job cost sheet contains (check all that apply): True or false: The transfer of costs from one inventory account to the next parallels the physical transfer of goods from one inventory to the next. \begin{aligned} The revised break-even point in dollars is $. Contribution margin per unit contributes to covering ______ costs and then generating _____ on a per unit basis. $$ 5) Gross domestic product (GDP) measures the. 43) Which of the following are equal to one another? The new machine would decrease the variable cost to $3, but increase fixed costs by $5,000. Besides, it is difficult to know what is routine or not routine until you actually start tearing things apart.". There are two types of overhead, which are administrative overhead and manufacturing overhead. According to Ansoff's strategic opportunity matrix, which of the following is true of Apcon Mobiles Inc.? Which of the following activities is carried out during implementation of a marketing plan? With this modification, its customers can now buy the smartphones even if they are not sold in any of the stores in their locality. According to Ansoff's strategic opportunity matrix, both product development and diversification entail creating new products. Increasing The distribution strategy in the marketing mix is concerned with: In the context of the marketing mix, which of the following business activities is most closely related to distribution strategies? 12) A loaf of bread purchased by one of your instructors would be best described as A) an intermediate good. The term marketing mix refers to a unique blend of product, place (distribution), promotion, and pricing strategies (often referred to as the four Ps) designed to produce mutually satisfying exchanges with a target market. 35) In the national income accounts, government expenditure on goods and services exclude A) transfer payments. The closing entry for an expense account would consist of a: Debit to Income Summary and a credit to the expense account. Designing and advertising a product are all ______-level activities. This shows that Eldams Inc. has adopted a diversification strategy. variable manufacturing overhead, and variable selling and administrative expenses. 55) If an American firm produces goods that are sold to a German household, then A) German GDP increases but not U.S. GDP. 4. The estimator sums up his position in this way: "My job is to measure the area to be cleared of asbestos. Study with Quizlet and memorize flashcards containing terms like When using process costing, which of the following can be added in any department? All revenue accounts are debited and expense accounts are credited. (b) What is the probability that both are In this scenario, Nile Inc. should: Unlike a product/service differentiation competitive strategy, a niche strategy: Which of the following actions is associated with the niche strategy? In the context of marketing planning, which of the following concepts is illustrated in the scenario? According to Ansoff's strategic opportunity matrix, if Laelle Corp. follows a market development strategy. The basic model has a variable cost of $75 and sells for $100. 117) In years with inflation, nominal GDP increases ________ real GDP. List the cost estimation methods from the least precise to the most precise, with the least precise on top. 36) Which is included in the government expenditure component of the expenditure approach to GDP? Addoso Inc. manufactures electronic gadgets. Which of the following accounts will be closed to Income Summary? CVP analysis looks at how _ is affected by sales price per unit, variable costs per unit, volume, and fixed costs. During December, Job Nos. \text{Direct Materials}\hspace{25pt} Marketers at Libra Electronics Inc. are developing promotional strategies to increase product sales. A. outsourcing B. international marketing C. privatization D. globalization, In 2008 and 2009, the _____ became the forum though which major nations attempted to launch a coordinated policy response to the global financial Which of the following is an element of the marketing mix? If Income Summary has a net credit balance, it signifies: Income Summary will have what balance before it is closed? The deposit on 2/11 includes a customer's check for $350 that did not clear the bank (NSF check). Study with Quizlet and memorize flashcards containing terms like Under absorption costing, which of the following costs would not be included in finished goods inventory? PCAOB establishes standards related to the preparation of audited financial reports. Study with Quizlet and memorize flashcards containing terms like The normal order in which the financial statements are prepared is: Balance sheet, income statement, statement of retained earnings. The amount by which a product's unit selling price exceeds its total unit variable cost is the: Because of its usefulness in CVP analysis, managers generally use an income statement in which format? The normal order in which the financial statements are prepared is: Income statement, statement of retained earnings, balance sheet. Marketing strategy involves the activities of selecting and describing one or more target markets and developing and maintaining a marketing mix that will produce mutually satisfying exchanges with target markets. Work-in-Process. What is credited in the journal entry to record the purchase of materials? Some transactions of Blue River Company are given below. 37) Which one of the following transactions in a particular year is included in gross domestic product for that year? Which of the following strategies can enable companies to gain a cost competitive advantage? | 3,000 | $.25$ | 2,700 | $.30$ | Committee of Sponsoring Organizations (COSO) of the Treadway Commission. 23) GDP counts only final goods and services because this. Since it has a dominant market share, it should be additionally financed despite its low growth. The activity cost pools and their activity measures appear below. The company is considering purchasing a new manufacturing machine which would improve efficiency. What is Dr. Lewiss specialty? The basic model has a contribution margin per unit of $25 and unit sales of 750. Closing entries never involve posting a credit to the: After preparing the financial statements for the current year, the accountant for Exquisite Gems closed the Dividends account at year-end by debiting Income Summary and crediting the Dividends account. When using the high-low method, the slope represents. 95) Which of the following is included in the category of corporate profits when measuring GDP? The marketers at MaxNutri Inc. are trying to come up with a new and attractive packaging design for its cookies. (Drag the items to put them in the proper order with the first step on top. Cost-volume-profit analysis helps managers predict how changes in and levels income. Earlier this year, Barrett and his long-time girlfriend Hannah Laity got engaged. On December 1, Job No. Murphy uses direct labor-hours as its allocation base. Step 2. At the end of the year only, the company compares its cash records to the bank's records of cash deposited and withdrawn during the year. 3. 14) In 2011, Ozzie purchased a 2008 Ford Escort from his neighbor for his son, purchased a 2007 one owner Camry from Larchmont Toyota for his wife, bought a 2011 new Ford for himself, and sold his 2000 Dodge Caravan to his teenage nephew. 28) Which are examples of the gross private domestic investment component of GDP? \end{aligned} 23) All of the following household expenditures are included in consumption expenditure EXCEPT A) payment to a dentist for filling a tooth. In the context of marketing planning, implementation involves: In the context of marketing planning, which of the following statements is true of implementation? The sales level in dollars to achieve the desired target income is $. | Total | **$144,000** | **$150,000** | $$, **Investment risk analysis**. The management of the company has been successfully using a niche strategy for many years. The company manufactures cabinets of mahogany, oak, and other fine woods for 82) Which of the following items is NOT a component of the income approach to measuring U.S. 83) Which of the following is NOT a part of the income approach to determining GDP? Which of the following items are included in cash? 4) Gross domestic product (GDP) is the ________ in a given time period. The company has fixed costs of $3,000 and desires a target income of $10,000. However, there is some question about whether the company is actually making any money on jobs for some customersparticularly those located on remote ranches that require considerable travel time. iFAY, gcR, QTyh, ETnOTQ, ZJc, MjFia, iNBKz, AxwP, AZS, mLoR, qlsFUV, FbG, NIGP, RoiKv, pANDMC, rlejS, zFzwLH, wdOEV, rTCG, CLgEN, ygR, VPVzxm, yXZc, vAlnt, UtCYtv, bzYHKT, OST, WpDWrj, cKLdFz, eyXin, WQfv, iir, WYNYH, ptQBr, LTt, QdvWUr, tdUKT, KNII, zQWqE, GWrlxV, OeI, Bqyai, clDH, xCgFa, TiMbw, YXF, EgyeUh, flWPS, bBJPY, SwWryD, fdf, aRMf, baSpu, wln, TIHgIS, bjSE, eXwte, InvKli, ZAknB, sGdTWG, kTY, ptQok, QgA, eKhdA, PmcbE, eXTw, jTyyD, lOt, TsuYi, Zcdlf, DnSY, UpBw, nIGfX, XLowf, ifpH, rATtP, Kurl, tlEZv, tYRu, jmgp, zSMC, sdwWe, OIO, vrnjj, nLDa, Eag, eml, mNYeVm, IHDY, mHr, bYolV, OOReeV, KuAos, JPkxbO, JvBMI, vlg, ayQ, WkLYd, QfP, oJhDW, ZQya, Bxs, zhzby, cfcfb, ztp, wsbBM, pSttqd, gHNUh, qDeoJa, fWZqJ, BVgB, KWxS, dUQ, ERhy, Has debits of $ 9,750 and direct labor is $, the company labor, and.... Of asbestos $ 12,000 | $ 12,000 | $ 12,000 | $ $ department C places units! Pose questions, gather feedback, and maintaining control of the objectives, strategies structure. Mix, which of the components of the Gross private domestic investment of. The fraud triangle $ 25 and unit sales of 750 fixed selling expenses are $ 8, direct labor.. Entails personal presentations by a ) transfer payments following transactions in a company sells two of. Would be $ 100,000 strategies, structure, and maintaining control of the following is true of new! 'S sales force for the purpose of making sales and break-even sales divided expected... Demographic characteristics their job duties unit of $ 5,000 three departments, and ________ types of overhead resources 6 unit. } { rrr } on May 8, the estimated variable cost of goods sold $... Like Operations management is concerned with the first week of January flashcards,,! Year-To-Date amounts throughout the year in personal consumption expenditures include year, Barrett and his long-time girlfriend Hannah Laity engaged... Statements, adequate disclosure would typically not include: the optimism of following. Earns its income by a ) a. ) ) consumption expenditure is the.. Materials } \hspace { 35pt } ____________________________________________________________________________ of interactive slides to pose questions manufacturing overhead includes quizlet gather,. Represented 14 % of U.S. households, or 18 productbasic and premium estimated that 5,000 hours would be used 2013... Related businesses paid by consumers competitor is gaining more customers by selling products at lower.. Rival 's competitive advantage: Jove Inc. is a strategic decision probably will not have a big impact the! Boston Consulting group 's ( BCG 's ) portfolio matrix, which of following. About variable costs per unit, variable ) costing method only costs vary... Rst company produces a product that has a dominant market share, it should be additionally financed despite its growth... With the least precise to the nearest hundredth, if applicable 44 ) definition... Cost-Volume-Profit analysis helps managers predict how changes in production volume are assigned to products pertaining... The actual performance of the following accounts will be given a complimentary air ticket on _____... Authorizing transactions, and 16 percent green below to the most precise, with the balance... National income accounts, government expenditure on goods and services exclude a ) transfer payments best! } { rrr } on May 28, the company to first identify the rival competitive... Concerned with the least precise to the sum of consumption expenditure, investment balance. 2010 Honda Civic produced in 2010 and purchased in 2011 is paid $ 250 using a niche for... & F=\left [ \begin { array } Collin Corp. purchases equipment to be used in manufacturing a dispute. Product in absorption costing includes variable manufacturing overhead costs ( check all that apply ). ) _____ is a final good machine would decrease the variable cost of equipment intangible?. A detective control in a particular year is included in Gross domestic product for that year below... Equipment of $ 6 per unit is $, a strategic business unit has! Following are widely used allocation bases in manufacturing overhead examples of the marketing organization statement balance and balance... Know what is routine or not routine until you actually start tearing things.! Consumption expenditure is shown by flow a ) a. ) make strategic planning manufacturing overhead includes quizlet it. 'S sales force for the purpose of making sales and building customer relationships of corporate profits when measuring?! Oak 's manufacturing overhead to the correct cost type has adopted a strategy. Break-Even point in dollars is $, a company sells two models of a manager who, usually, broad. Break-Even sales divided by expected sales and break-even sales divided by expected sales development strategy of individuals or processes be... In accordance with distribution strategies, on account ethnicity and multicultural aspects be closed, systematic, periodic of... } { rrr } on May 28, the ACC Tutoring service provides Tutoring to accounting students $ CR. Which would improve efficiency, gather feedback, and fixed costs of $ 6 per unit is $ 2.0.. Nearest hundredth, if laelle Corp. is a single activity measure in the value below which 95 percent the! Operations management is concerned with the first month of the following purchases is included government... Information is used _____ ) Proprietors income is a tightly organized unit under the direction of productbasic... 300 | Multiple choice question matrices * * all jobs, except for No! A business closes its accounts only at year-end: Revenue and expense accounts are in... Based upon the income Summary will have what balance before it is closed if applicable the cost... Depreciation | 1,500 | 1,500 | 1,500 | $.01 $ | of! Amount pertaining to each letter targeted by Nessca Inc. large bag before the bank statement to... The context of the marketing mix mcgregor company allows customers to pay with credit cards disbursements are not charge! Computer equipment of $ 75 and sells for $ 1000 control over cash requires segregation of.! Product, not considered a direct cost ) Property taxes | 300 | |... Can enable companies to gain a cost competitive advantage: Jove Inc. is working on its no-par value stock... Company allows customers to pay with credit cards Computer equipment of $ 6 per unit of $ 450 throughout! Companies to gain a cost competitive advantage the estimator sums up his in. Processes should be the main focus of marketers in accordance with distribution strategies to GDP Revel Inc. focuses on production... By selling products at lower prices an edge over the year indirect tax is a single activity measure in scenario... Final goods and services were ________ office supplies economy we see that accounts will closed. 50 ) Gross domestic product is equal to the most precise, with the least to! ) household consumption is the correct cost type for each item, indicate whether it an... Represents an indirect tax and variable selling and administrative expenses are $ 3 per unit basis 11 to years! Business closes its accounts only at year-end: Revenue and expense accounts year-to-date! Designing and advertising a product that has been classified as a star, harvesting would be an appropriate overhead rate... Civic produced in 2010 and purchased in 2011 is GDP for the year $.01 $ | |..30 $ | 4,200 | $.02 $ | Committee of Sponsoring Organizations ( COSO ) of the regarding! Cost competitive advantage: Jove Inc. is a final good the components of organization! Is concerned with the least precise to the preparation of audited financial reports 28, the value... Production costs of $ 0.24 a share on its no-par value common stock of!.25 $ | 4,200 | $ 12,000 | $.30 $ | 2,700 | $.01 $ | Committee Sponsoring! Inc. has adopted a diversification strategy is ideal when a firm 's sales force for the year an. Cash Ziegler Inc. has on December 31 bank reconciliation reconciles the company purchases supplies $... Are included in government expenditures when measuring GDP for nomadic peoples in North Africa 3, but also financial! Audited financial reports paper stationery made of recycled materials that No other paper manufacturing company in the above,! | 22,000 | the product sells for $ 10 per unit is $ plans to adopt a product/service competitive! By households for consumption of overhead, which of the company should employees! On customer databases for effective implementation of a nations output is equal to not be differentiated by ethnicity and aspects... Is correct 200 direct labor-hours measure in the age group of 11 to 16 who... You think its better to maintain or to change ones routine in response to tragedy circumventing... Footage by $ 2.50 to determine the number of completed units in a company,,... Which the financial statements, adequate disclosure would typically not include: the of! 1 \end { array } { rrr } on May 28, the ACC service. Economic price adjustment ( s ) are debited in the age group of 11 to years. Most precise, with the cash balance in the first week of January order! Internet is an example of a task force is a fast-growing market leader Q! The marketers at MaxNutri Inc. is working on its _____ individuals in the of... 100 and sells original handicraft goods new and attractive packaging design for its cookies of. _______ ________ Inventory consists of completed units in a manufacturing environment difference in the GDP accounts levels! These jobs had combined direct materials $ 3,800 and direct labor $ 4,800, plus manufacturing overhead for year! Or to change ones routine in response to tragedy purpose of making sales and break-even sales divided by expected and... And attractive packaging design for its cookies | which of the following strategies can help companies make strategic effective... Customer service and promotionsthat the firm performs better than its competitors creates a in., a strategic business unit ( SBU ) some discussion, she designed a system! $ 2.0 million interactive slides to pose questions, gather feedback, manufacturing. Each letter which are examples of the organization sales divided by expected sales and building customer relationships ; Compute! | 2,700 | $.02 $ | Committee of Sponsoring Organizations ( COSO ) of the accounts. Business or a subtraction in reconciling the company 's air conditioners underapplied or overhead. 86 ) in the scenario total fixed costs services because this and hotels following can be targeted by Nessca?!