A Telemarketer Set the Company's Computerized Dialing System to Contact

question 145

Multiple Choice

A telemarketer set the company's computerized dialing system to contact every 25th person
Listed in the local telephone directory.What sampling method was used?

• A) Simple random sample
• B) Systematic sample
• C) Stratified sample
• D) Cluster sample

Understand the relationship between current full cost, profit margin, and target selling price.

Comprehend the impact of fixed and variable costs on product pricing.

Analyze profit margin changes when cost reduction is not possible.

Understand the concept of markup percentages and their calculation.

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Definitions:

Machine-Hours

A measure of production time, indicating how many hours machines were operated during a certain period, often used for allocating manufacturing overhead.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate estimated overhead costs to products or services based on a chosen activity base.

Manufacturing Overhead

The indirect costs associated with manufacturing a product, which include expenses such as equipment depreciation, utilities, and salaries for maintenance staff.

Direct Labor-Hours

A measure of the total hours worked directly on the manufacturing of goods.