Ortego's Management Recently Committed to Incurring Direct Labor and All

question 19

Multiple Choice

Ortego's management recently committed to incurring direct labor and all manufacturing overhead charges regardless of the number of units produced.Under throughput costing,the company's cost of goods sold would include charges for:

• A)selling and administrative costs.
• B)direct materials.
• C)direct labor and manufacturing overhead.
• D)direct materials,direct labor,and manufacturing overheaD.
• E)direct materials,direct labor,manufacturing overhead,and selling and administrative costs.

Understand the role of product attributes and salient attributes in positioning strategies.

Comprehend the importance of evaluating segment attractiveness in targeting decisions.

Recognize the applications and implications of customization and mass customization in targeting and positioning.

Describe and apply the concept of value proposition in marketing.

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Definitions:

Durable Good

A type of good that does not quickly wear out and is expected to last for several years under normal usage conditions.

Gross Domestic Product

GDP stands for Gross Domestic Product and refers to the sum of the monetary or market value of all final goods and services that are produced within the confines of a nation during a given time frame.

Social Well-Being

The condition of an individual or group in terms of their mental, emotional, and physical health and their ability to interact successfully with others in society.

Leisure Time

Free time available to an individual after dedicating time to work, chores, and other obligatory activities, often used for relaxation or hobbies.