An important outcome of statistical process control is:
A. Firms can take corrective actions before process variabilities get out of control
B. Firms can visually monitor process performance
C. Firms can minimize total inventory cost
D. Both A & B
E. None of these
Answer: D
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Indicate whether the statement is true or false
Ahlheim Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingAssemblyMachine-hours 16,000 15,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$102,400$55,200Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $4.50During the current month the company started and finished Job T924. The following data were recorded for
this job:Job T924:FormingAssemblyMachine-hours 70 20Direct labor-hours 30 40Direct materials$870$385Direct labor cost$630$840The estimated total manufacturing overhead for the Assembly Department is closest to: A. $27,000 B. $47,700 C. $82,200 D. $55,200
According to recent research by McKinsey & Company on organizations with major change initiatives, the biggest factor in the success or failure of the organizations was ______.
A. the strength of organizational investments B. the strength of organizational diversity C. the strength of organizational culture D. the strength of change management practices
The three phases of setting up an accounting system are, in order
A) design, implementation, analysis B) analysis, design, implementation C) design, analysis, implementation D) implementation, design, analysis