Failure to Enter the Current Price into a Retailer's System

question 51

Multiple Choice

Failure to enter the current price into a retailer's system may result in charges of .

• A)predatory pricing
• B)scanner fraud
• C)price fixing
• D)retail maintenance pricing
• E)discriminatory pricing

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Definitions:

Variable Factory Overhead

Costs of manufacturing that vary with the level of production output, such as utility costs for machinery.

Controllable Variance

The difference between the expected cost and the actual cost that management has the power to influence or control.

Fixed Factory Overhead

Regular, consistent expenses incurred in the operation of a factory that do not vary with production level, such as rent, salaries, and insurance.

Volume Variance

The difference between the expected volume of production and the actual volume, which impacts the allocation of fixed costs in some costing systems.