Product-oriented layouts tend to have high levels of work-in-process inventories
Indicate whether the statement is true or false
FALSE
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A point-of-purchase display placed in a supermarket by a major food processor is an example of a(n) _____
a. noncommercial cue b. commercial cue c. advertisement d. social cue
Barney wants to rent an apartment and posts an advertisement in a classifieds website. Two days later, Michael, who wants to rent out his apartment, e-mails Barney and they finalize the deal over the Internet
Barney pays Michael through an online transfer. This is an example of ________. A) e-licensing B) e-commerce C) cybersquatting D) spamming
Sinopia Corporation reported trading investments at fair value of $49,000 on December 31, 2016
There is a decrease of $3,800 in the fair value of the trading investments by the end of the year 2017. Which of the following is the correct journal entry? A) Trading Investments 3,800 Unrealized Holding Loss-Trading 3,800 B) Unrealized Holding Loss-Trading 3,800 Trading Investments 3,800 C) Unrealized Holding Loss-Trading 3,800 Fair Value Adjustment-Trading 3,800 D) Fair Value Adjustment-Trading 3,800 Unrealized Holding Loss-Trading 3,800
An outdoor barbecue grill manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 4,600MHsFixed overhead cost$50,140 ?The following data pertain to operations for the most recent period: Actual hours 5,000MHsStandard hours allowed for the actual output 4,743MHsActual total fixed manufacturing overhead cost$48,690 ?The fixed manufacturing overhead budget variance for the period is closest to:
A. $1,450 F B. $3,009 U C. $5,810 U D. $2,503 F