Wheat IncHas an Exclusive Contract with an Exporter

question 24

Multiple Choice

Wheat Inc.has an exclusive contract with an exporter.Two brands of wheat are imported,labeled AB and CD.The following data are provided for the current fiscal year:
The total market was estimated to 40,000 bushels at the time of budget.The actual total market for the year is 32,000 bushels.
What is AB's contribution margin sales volume variance?

• A)$0
• B)$1,500 unfavorable.
• C)$4,000 favorable.
• D)$7,500 unfavorable.
• E)$10,000 unfavorable.

Understand the principles and weaknesses of 360-degree evaluations.

Recognize the importance of feedback training for raters in performance evaluations.

Acknowledge the suitability of team evaluations for companies with a total-quality management philosophy.

Identify the training needs for supervisors in performance evaluation programs.

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Definitions:

Gap Junctions

Specialized intercellular connections that facilitate the direct transfer of ions and molecules between the cytoplasm of adjacent cells, enabling communication and coordination.

Hydrostatic Skeleton

A support structure in many soft-bodied animals, such as jellyfish and earthworms, that is maintained by the fluid pressure within their body cavities.

ATP Synthesis

The process of producing ATP, the cell's primary energy carrier, through cellular respiration or photosynthesis.

Epiphysis

The end part of a long bone, which is originally growing separately from the shaft but later fuses with it through ossification during growth.