Golden Generator Supply Is Approached by Mr If MrStephen Wanted a Long-Term Commitment,and Not a One-Time-Only Special Order,for

question 104

Multiple Choice

Golden Generator Supply is approached by Mr.Stephen,a new customer,to fulfill a large one-time-only special order for a product similar to one offered to regular customers.Golden Generator Supply has excess capacity.The following per unit data apply for sales to regular customers: $$\begin{array} { l r } \text { Direct materials } & \$ 1,700.00 \\\text { Direct manufacturing labor } & 100.00 \\\text { Variable manufacturing support } & 200.00 \\\text { Fixed manufacturing support } & \underline { 150.00 } \\\quad \text { Total manufacturing costs } & 2,150.00 \\\text { Markup (30\% of total manufacturing costs) } & 645.00 \\\text { Estimated selling price } & \$ 2,795.00 \\\hline\end{array}$$ If Mr.Stephen wanted a long-term commitment,and not a one-time-only special order,for supplying this product,calculate the most likely price to be quoted assuming the markup remains same?

• A) $2,000
• B) $2,150
• C) $2,795
• D) $2,800

Understand the impact of the coefficient of correlation on the regression model and its interpretation.

Recognize that a strong correlation does not imply causation between variables.

Interpret the significance of the slope of the regression line and its relationship with the coefficient of correlation.

Understand the limitations and applications of regression analysis for prediction.

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Definitions:

Training And Development

A functional area of human resource management focusing on organizational activities that aim to improve individual and group performance within a business setting.

Performance Management

The process of ensuring that a set of activities and outputs meets an organization's goals in an effective and efficient manner.

Training And Development

Activities and programs designed to enhance the skills, knowledge, and competencies of employees or individuals.

High-Performance Work Systems

Organizational approaches that integrate strategies, work processes, and employee involvement to improve productivity and effectiveness.