Taft Company produces 5,00 . pallets each day. The average number of units in work in process is 10,000 . having an average cost of $35,000 . The annual carrying costs related to inventory are 20%. Consultants have determined that the work in process could be reduced by as much as 25% by rearranging the factory floor. What would the throughput time be if Harrison implements the recommended
changes?
a. Twelve hours
b. One day
c. One and one-half days
d. Two days
c
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If you are having trouble hearing, ______ might be an effective strategy.
a. judging the speaker’s bias b. working to multitask c. listening to many messages at once d. reducing distractions around you
Joint costs that are incurred before the split-off point should be ignored while making a decision to sell or process a product further
Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
Which of the following costs is both a prime cost and a conversion cost?
A. administrative costs B. direct labor C. manufacturing overhead D. direct materials