Marburg Co

question 16

Short Answer

Marburg Co.expects direct materials cost of $6 per unit for 100,000 units (a total of $600,000 of direct materials costs).Marburg's standard direct materials cost and budgeted direct materials cost is $$\begin{array} { l c c } & \text { Standard } & \text { Budgeted } \\\text { a. } & \$ 6 \text { per unit } & \$ 600,000 \text { peryear } \\\text { b. } & \$ 6 \text { per unit } & \$ 6 \text { per unit } \\\text { c. } & \$ 600,000 \text { per year } & \$ 6 \text { per unit } \\\text { d. } & \$ 600,000 \text { peryear } & \$ 600,000 \text { peryear }\end{array}$$

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Definitions:

Environmental Responsibility

The duty that individuals and organizations have to act in ways that protect and benefit the environment.

Economic Responsibility

denotes a company's or individual's obligation to make decisions that positively impact the economic well-being of society, including prudent use of resources and fair economic practices.

C.K. Prahalad

An influential business thinker known for his work on core competencies and the bottom of the pyramid concept.

Bottom of the Pyramid

A concept in economics and business that targets the largest but poorest socio-economic groups in a global perspective for business.