Which of the following assumptions is FALSE regarding the application of the trial-and-error approach to developing a sales and operations plan?
a. Unit costs are independent of the quantity produced.
b. Cost is a nonlinear function of unit cost and the number of units.
c. When allowed, backlogs are assumed to exist for the entire period.
d. Production occurs at a uniform rate throughout each period.
b. Cost is a nonlinear function of unit cost and the number of units.
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A bottleneck ______.
A. requires major investment to resolve B. is usually a long-term issue C. is a limit or constraint on the workflow in an operation D. cannot be eliminated in a short span of time
Healthy Lawn Maintenance deems uncollectible any customer account not paid after six months. This means that every accounting period, Healthy Lawn Maintenance ascertains which accounts remained uncollected for six months, and treats these customer accounts as uncollectible by writing them off. If, during 2013, Healthy Lawn Maintenance identified accounts of specific customers totaling $20,000
with unpaid balances for six months and wrote them off, the journal entry would be as follows: a. Bad Debt Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Accounts Receivable—gross . . . . . . . . . . . . . . . . . . . . . . . . 20,000 b. Bad Debt Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20,000 Accounts Receivable—specific accounts . . . . . . . . . . . . . . . . 20,000 c. Allowance for Uncollectibles . . . .. . .. . .. . .. . .. . .. . .. . .. . .. 20,000 Accounts Receivable—specific accounts . . . . . . . . . . . . . . . . 20,000 d. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Accounts Receivable—gross . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 e. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . .20,000 Bad Debt Expenses . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000
Tusa Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year $638,250 Estimated direct labor-hours at the beginning of the year 37,000direct labor-hoursResults of operations: Actual direct labor-hours 34,000direct labor-hoursManufacturing overhead: Indirect labor cost$148,000 Other manufacturing overhead costs incurred$450,000 Cost of goods manufactured$1,611,000 Cost of goods sold (unadjusted)$1,518,000 The adjusted Cost of Goods Sold for the year is: (Round your intermediate calculations to 2 decimal places.)
A. $1,518,000 B. $1,642,000 C. $1,506,500 D. $1,529,500
____________________ is concerned with the relationships between and among individuals
Fill in the blank(s) with correct word