A business's channel strategy determines the framework adopted by the business for ________
A) evaluating its competitiveness and attractiveness in the industry in which it operates
B) enhancing the total cost of purchase index for its products and services in the market
C) establishing a revenue plan that matches projections and available resources
D) marketing its current profitability from conducting business
E) selling and delivering its products and services to target customers
E
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Oslund Company manufactures only one product and uses a standard cost system. During the past month, the following variances were observed:
Direct labor rate variance$31,000favorableDirect labor efficiency variance 46,000unfavorableVariable overhead efficiency variance 28,000unfavorableStandard direct labor hours (DLH) per unit of output 5 Oslund applies variable overhead using a standard rate of $20 per standard DLH allowed. During the month, Oslund used 20% more DLHs than the total standard hours allowed for the units manufactured.What were the total standard DLHs (to the nearest whole number) for the units manufactured by Oslund Company during the past month?
Vicarious liability is liability with fault
Indicate whether the statement is true or false