If the actual amount of direct materials used in production was less than the standard amount allowed for units produced, there was:
A. A favorable materials price variance.
B. A favorable total materials variance.
C. A favorable materials quantity variance.
D. An unfavorable materials quantity variance.
C
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Slumberland sold an $800 couch to Charles, and he paid cash. The sales tax rate is 8.5%. Looking at the transaction from Slumberland's point of view, which of the following statements is false?
A. Sales Tax Payable would be credited $68 B. Sales would be credited for $800 C. Cash would be debited for $868 D. Sales Tax Expense would be debited for $68
Producers of convenience products and common raw materials typically seek ________ distribution — a strategy in which they stock their products in as many outlets as possible
A) selective B) exclusive C) intensive D) exponential E) comprehensive