Which of the following is a measure of customer satisfaction that indicates the success of the staffing efforts of an HR department?
A. Anticipation of personnel needs
B. Average years of experience/education of hires per job family
C. Average days taken to fill open requisitions
D. Ratio of acceptances to offers made
E. Ratio of minority/women applicants to representation in local labor market
Answer: A. Anticipation of personnel needs
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Steinberg Company had the following direct materials costs for the manufacturing of product T in March:
Actual purchase price per pound of direct materials$7.50 Standard direct materials allowed for units of product T produced 2,100poundsDecrease in direct materials inventory 100poundsDirect materials used in production 2,300poundsStandard price per pound of material$7.25 Required: 1. What was Steinberg's direct materials purchase-price variance and its direct materials usage variance for March? Indicate whether each variance was favorable (F) or unfavorable (U). 2. Prepare the appropriate journal entries for March
The Dairy Division of Famous Foods, Inc. produces and sells milk to outside customers. The operation has the capacity to produce 200,000 gallons of milk a year. Last year's operating results were as follows:
Sales (160,000) gallons $500,000 Variable costs 312,000 Contribution margin 188,000 Fixed costs 100,000 Net Income $ 88,000 Assume the Yogurt Division wants to purchase 30,000 gallons of milk from the Dairy Division. The minimum price that will increase the Dairy Division's profit is a) $0.55 per gallon. b) $1.95 per gallon. c) $2.50 per gallon. d) $1.18 per gallon.