Exhibit 19-2 the Following Information Relates to Bergen Corporation

question 50

Multiple Choice

Exhibit 19-2 The following information relates to Bergen Corporation:

- Refer to Exhibit 19-2. Based on the information above, the journal entry to record the use of materials and the materials quantity variance would include a debit to:

• A) Materials quantity variance for $1,500
• B) Work-in-process inventory for $37,500
• C) Direct materials inventory for $37,500
• D) Cash for $36,000

Understand how to conduct a break-even analysis for a business plan, including the consideration of fixed and variable costs.

Identify and describe common strategies for effectively raising prices in a business context.

Explain the concept of a reference price and the role of a sales force in determining it.

Analyze and understand pricing strategies used by companies, including practices that may mislead customers.

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Definitions:

Ball Joint

A spherical bearing that connects the steering knuckles to the control arms, allowing for smooth and stable movement of the suspension and steering.

MacPherson Strut

A type of automotive suspension system that combines a shock absorber and a coil spring into a single compact assembly.

Steering Knuckle

A pivotal component in a vehicle's steering system to which the wheel assembly is mounted, allowing the wheel to pivot and turn.

Coil Spring

A length of steel wound into a coil shape. The shape of the coil creates a spring action. Coil springs are found in front and rear suspension systems.