Question 9 Compensation packages for senior management generally include

base salary & stock options

base salary, annual incentives/bonuses, long term incentives, fringe benefits,

base salary, fringe benefits & stock options

annual incentives/bonuses & a base salary

Question 10 (1 point)

A clothing manufacturing company regularly takes product that is "off spec" and sells them at discounted prices in "bargain bin stores". The resultant lost revenue is an example of

O joint costs

rework costs

spoilage costs

Cra p cost

Question 11 (2 points)

In 2019, Company G made 6,000 hats using 12,000 square meters of cloth costing $24,000 in total. In 2020, Company G made 7,000 hats using 12,600 square 2020 had an "efficiency" variance of

meters of cloth costing $24,000 in total. Compared to 2019, the cloth usage in

none of the listed answers are correct

$2,800U

$0

$2,800F

Question 12 Company "X" is a retailer who sells shoes. Given the following data & using the

"EOQ model" calculate the reorder point

monthly sales: 4,000 pairs purchase order lead time: 8 days days open per relevant Purchase Order cost: $162.50 per purchase order

year: 365

relevant annual carrying costs: $15.60/ pair stockout costs: $48 per stockout

safety stock definitely required: 100 pairs

952

1,052

1,252

1,152