You are a consultant for a very profitable shoe company which has had a lot of success making low-cost shoes for customers who are very price sensitive because they can easily find inexpensive shoes through the company's competitors. The shoe company has a very efficient manufacturing process because they only make seven models of shoes. The CEO does not want to expand to a new customer base but wants to triple the selection of shoes offered to her existing customers. She wants your advice on this idea. Which of the following arguments should you make to her? (select all that apply)
A. A better idea would be changing the designs of the existing line of shoes to make each more fashionable so they can demand higher prices
B. Since the bargaining power of customers is high, any increase in prices due to expanding the selection of shoes would risk losing customers
C. The CEO's idea may not triple the profitability of the company, but it will certainly lead to higher profit margins
D. The company's ability to manufacture shoes cheaply is likely dependent on a limited product line, so tripling the selection would increase costs

During 2017, sheridan company expected job no. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. sheridan applied overhead based on direct labor cost. actual production required an overhead cost of $260000, $510000 in materials used, and $150000 in labor. all of the goods were completed. what amount was transferred to finished goods?

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?