Achieving ISO 9000 certification provides proof that a company produces the best product in the industry.
Answer the following statement true (T) or false (F)
False
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A basic service is an example of an augmented retail strategy
Indicate whether the statement is true or false
What would be the best definition of a business model?
a. a small pilot of the business as it will be practiced b. a series of hypotheses that suggest business practices c. a plan for expansion d. a framework that describes how a company creates, delivers, and extracts value
Employees at TynsCorp are able to submit receipts for certain out-of-pocket health care expenses and TynsCorp will pay them back for those items. What type of account has TynsCorp set up?
A. A flexible spending account B. A health reimbursement account C. A health care spending account D. A workers' compensation account
Markus Corporation reported the following as of February 1, (weighted-average method). Work in Process: Feb. 1? Direct material$42,000 Conversion cost$20,000February production costs:? Direct material 470,000 Conversion cost280,000Conversations with the production supervisor revealed that materials are introduced at the start of the process and conversion cost is incurred evenly throughout manufacturing. The company started 29,000 units during the month. Goods in process at the beginning and end of February totaled 3,000 units and 5,000 units, respectively, the latter batch being 60% complete.Just prior to leaving on vacation, a trusted staff assistant was asked to compute the cost of February's ending work-in-process inventory. Her calculations showed a huge
rise in unit cost when compared with the February 1 figures, soaring to $250 [($470,000 + $280,000) ÷ 3,000 units (5,000 units × 60%)].Required:A. Did the staff assistant make any errors in her calculations? Explain.B. Analyze the company's production volume and determine the proper equivalent-unit figures for February.C. Calculate the proper unit costs for February.D. Calculate the cost of the February 28 work-in-process inventory. What will be an ideal response?