When evaluating your performance after a job interview, think of more effective responses to questions that you answered unsatisfactorily
Indicate whether the statement is true or false
True
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The company maintains several standards for the allocation of indirect labor to factory overhead. 70% of Stockhandlers wages are allocated to Stamping and 30% to Finishing. Supervisors are allocated at 60% to Stamping and 20% to Finishing while the balance is left as a period expense due to activities outside production. Because of the ratio of production equipment to office equipment 40% of
depreciation is allocated to Stamping, 30% is allocated to Finishing while the balance is left as a period expense representing office equipment. If the stockhandlers wages are $2,750, the supervisors wages are $4,550, and the depreciation for the period is $15,000, the proper journal entry would be: A) Oct 31 Factory Overhead - Stamping 10,655Factory Overhead - Finishing 6,235Wage Expense 6,390Depreciation Expense 10,500 B) Oct 31 Factory Overhead - Stamping 10,655Factory Overhead - Finishing 6,235Cash 16,890 C) Oct 31 Factory Overhead 16,890Cash 16,890 D) Oct 31 Accounts Payable 16,890Wage Expense 6,390Depreciation Expense 10,500
______ aim to guarantee that the firm can fulfill customer orders and has adequate stocks of inventory.
a. Intermediate-term demand planning decisions b. Long-term demand planning decisions c. Short-term demand planning decisions d. Immediate-demand planning decisions
Which of the following is a limitation of the direct? write-off method of accounting for? uncollectibles?
a. The direct write-off method overstates assets on the balance sheet.
b. The direct write-off method does not match expenses against revenue very well.
c. The direct write-off method does not set up an allowance for uncollectibles.
d. All of the above
In capacity requirements planning, we project or estimate ______.
a. the level of demand for each product that we are planning to produce b. resource requirements for labor, equipment, and other production needs c. the quantity of finished product to be stored in different distribution centers d. the activities at each workstation to balance workload