The manufacturing cost per unit for absorption costing is
a. usually, but not always, higher than manufacturing cost per unit for variable costing.
b. usually, but not always, lower than manufacturing cost per unit for variable costing.
c. always higher than manufacturing cost per unit for variable costing.
d. always lower than manufacturing cost per unit for variable costing.
Answer: c. always higher than manufacturing cost per unit for variable costing.
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Europa Company manufactures only one product. Presented below is direct labor information for November.
Standard direct labor hours per unit of product 3.90 Number of finished units produced 5,500 Standard wage rate per direct labor hour (SP)$19.90 Total direct labor payroll for the period$385,770 Actual wage rate per direct labor hour worked (AP)$16.70 The direct labor efficiency variance for November (to the nearest dollar) was:
Which statement is not true about insurance sales?
A. Mass marketing techniques usually involve selling insurance without the use of an agent. B. Brokers represent insurers in negotiating coverage with various insureds. C. Insurance agents are not authorized to sell life insurance. D. An agent or broker must exercise care when using apparent authority during the sales process.