The phenomenon where producing more such that the average cost of production for the item decreases is known as
A) economies of scale.
B) diseconomies of scale.
C) best operating level.
D) efficiency.
A) economies of scale.
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Other postemployment benefits may include:
A. Long-term care. B. Health care. C. Life insurance. D. All of these answers are correct.
All program modules must be thoroughly tested before they are implemented
Indicate whether the statement is true or false
Janicki Corporation has two manufacturing departments-Machining and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MachiningCustomizingTotalEstimated total machine-hours (MHs) 1,000 9,000 10,000Estimated total fixed manufacturing overhead cost$4,800$23,400$28,200Estimated variable manufacturing overhead cost per MH$1.10$2.50 During the most recent month, the company started and completed two jobs-Job A and Job J. There were no beginning inventories. Data concerning those two jobs follow: Job AJob JDirect materials$12,000$7,700Direct labor cost$20,700$6,400Machining machine-hours 700 300Customizing machine-hours 3,600 5,400Assume that the company uses departmental predetermined overhead rates with
machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round your intermediate calculations to 2 decimal places.) A. $27,595 B. $82,785 C. $87,752 D. $55,190
The owner of a condominium unit also owns the common elements in joint tenancy with the
other condominium unit owners. Indicate whether the statement is true or false