This term describes an electric shaver company that carefully observes its competitor's production line to look for ways to improve its own manufacturing process
A) trademarking
B) benchmarking
C) quality engineering
D) reverse marketing
Answer: B
Explanation: The practice of learning production techniques and similar practices from other organizations is called benchmarking. Note that a company can successfully benchmark in a completely unrelated industry. A car company, for example, might observe a shipping company for clues about improving efficiency.
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Glendale Brands Company uses standard costs for its manufacturing division Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data:
Production volume 6,000 units Budgeted variable overhead costs $14,000 Budgeted direct labor hours (DLHr) 600 hours At the end of the year, actual data were as follows: Production volume 4,000 units Actual variable overhead costs $15,200 Actual direct labor hours (DLHr) 480 hours What is the variable overhead efficiency variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $1,866 F B) $1,866 U C) $2,534 F D) $2,534 U
Raters can lose the respect of their subordinates by committing the error of _____ to maintain the impression of being tough and in charge.
A) primacy B) central tendency C) severity D) halo