A low days inventory on hand and a high inventory turnover relative to industry norms indicates less efficient inventory management and/or more liquidity

Which of the following statement is true regarding choice of the denominator volume level in conjunction with the process of allocating fixed manufacturing costs to production?

a. This choice has no effect on the standard overhead cost-allocation rate. b. The choice affects the standard overhead cost-allocation rate but not product cost. c. Under absorption (full) costing, this choice can affect reported profits for the period. d. The choice typically will affect end-of-period asset values, but not the production-volume variance for the period. e. The choice is important only if the company in question uses variable costing.

Pepe Homes manufactures a range of bathroom accessories and fittings that include bathtubs, shower stalls, etc

While deciding on an effective advertising media vehicle for its planned advertising campaign, the marketing department decides that its advertising objectives would be best achieved if they used a medium that would portray their brand as prestigious and a symbol of luxury. To this effect, the medium should offer marketers a high degree of audience selectivity and high-quality reproduction. Which of the following advertising media would best serve the advertising purposes of Pepe Homes? A) outdoor media B) radio C) magazines D) television E) newspapers