Regarding controllable costs, which of the following statements is incorrect?
A) The production manager cannot make the decision to replace older equipment.
B) All costs are ultimately controllable at the upper levels of management.
C) The production manager is not responsible for avoiding waste of direct materials.
D) The production manager cannot control all of the costs in his or her department.
C) The production manager is not responsible for avoiding waste of direct materials.
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______ job design focuses on designing jobs with tasks that remain within the worker’s normal mental capabilities and limitations.
A. Perceptual-motor B. Biological C. Organic D. Mechanistic
________ sampling uses a specific set of procedures to identify individuals from the population to be included in the research.
A. Snowball B. Quota C. Judgment D. Probability E. Convenience
In Western reviewed their estimated warranty costs which at that time was 5% of sales. This estimated was based upon the warranty accrual method. In 2016 net sales were $3,250,000 they recorded warranty expense of $162,500. Due to some pending changes in product improvement and certain economic factors the company saw a drastic drop in their warranty claims for 2017. The company decided for 2017 to reduce the estimate to 3% of sales. In 2017 Western reported net sales of $3,500,000. ? ? Required: 1) How should the company report the change and why? ? 2) Prepare any necessary journal entries for 2016 or 2017 to account for the change.
What will be an ideal response?
Which of the following changes would increase the likelihood of a supply chain experiencing the bullwhip effect?
A) engineering changes to the design of a product B) instituting a more accurate materials management information system C) closely coordinating promotions with the internal marketing department and suppliers D) using a more reliable delivery company