Which of the following is true of a strategic alliance?
A) Strategic alliances cannot have more than two entities.
B) Strategic alliances cannot be formed between fellow competitors.
C) Strategic alliances are usually formed to accomplish multiple business ventures.
D) Strategic alliances do not provide the same protection and stability as mergers.
D
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Phoenix, Inc. manufactures widgets. The target sales price is $440 per unit. The company desires a 40% net profit margin on its products. What is the company's target full-product cost per unit using target pricing?
A) $176 B) $616 C) $704 D) $264
Melinda, Inc estimates manufacturing overhead costs for the coming year at $225,000, which will be allocated based on direct labor hours
Melinda estimates 9,000 direct labor hours for the coming year. In January, Job A33 was completed, which required 8 direct labor hours and 34 machine hours. Provide the journal entry to allocate manufacturing overhead to the job. What will be an ideal response