A retailer has raised the price of children's gloves from $5 to $6 . It expects annual demand to decrease from 1,000 units to 700 units. Therefore, demand is inelastic

The benefits of a lockbox system include all of the following EXCEPT

A) increased working cash. B) early knowledge of dishonored checks. C) increase in total float. D) elimination of clerical functions.

One variance often influences another variance. If the direct materials price variance is favorable, then it is possible that this variance will cause ________

A) the direct materials quantity variance to be unfavorable B) the direct labor price variance to be unfavorable C) the direct labor price variance to be favorable D) the direct materials quantity variance to be favorable