Norgaard Corporation Has Two Operating Divisions: a Consumer Division and a Commercial

question 20

Multiple Choice

Norgaard Corporation has two operating divisions: a Consumer Division and a Commercial Division. The company's Customer Service Department provides services to both divisions. The variable costs of the Customer Service Department are budgeted at $70 per order. The Customer Service Department's fixed costs are budgeted at $245,000 for the year. The fixed costs of the Customer Service Department are determined based on the peak period orders. At the end of the year, actual Customer Service Department variable costs totaled $348,920 and fixed costs totaled $259,790. The Consumer Division had a total of 1,520 orders and the Commercial Division had a total of 3,360 orders for the year. For performance evaluation purposes, how much actual Customer Service Department cost should NOT be charged to the operating divisions at the end of the year?

• A)$14,790
• B)$22,110
• C)$7,320
• D)$0

Identify and describe the entities responsible for manufacturing and distributing coins and Federal Reserve notes in the United States.

Understand the concept of legal tender and its implications for transactions.

Recognize the role of financial intermediaries, specifically banks, in the economy.

Understand the basics of bank operations, including asset, liability, and net worth relationships.

---

Definitions:

Moral Purity

The state of being free from ethical or moral wrongdoing, often associated with innocence or virtue.

Affluent Consumer

Individuals with substantial purchasing power, often targeted by marketers for their ability to buy premium goods and services.

High-Status

Holding a position of power, privilege, or high esteem within a societal hierarchy.

Slut Discourse

Discussions or narratives that stigmatize certain sexual behaviors, often aimed at women, based on perceived promiscuity.