As Discussed in the "It's a Wrap" Section at the End

question 51

Multiple Choice

As discussed in the "It's a Wrap" section at the end of the chapter, what was the key to the success of Vail Resorts increasing its revenue?

• A)more out-of-state visitors
• B)dramatic increase in retail sales
• C)a campaign that attracted many more visitors under thirty
• D)the strength of the pass program with a nine percent increase in season passes sold
• E)increasing sales to first-time visitors

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Definitions:

Prime Cost

Direct materials plus direct labor costs.

Machine Hours

The total number of hours that machines are used or operated during a specific time period, often used as a basis for allocating manufacturing overhead.

Direct Labor Hour

A measure of the time spent by workers manufacturing a product or delivering a service.

Special Materials

Unique or unusual materials required for specific production processes or products, often implying additional cost or procurement effort.