The just-in-time costing system waits until the units are completed to record the cost of production
Indicate whether the statement is true or false
TRUE
You might also like to view...
Kevin is the founder of a new start-up company. He hires mostly young employees who are fresh out of college. He finds that most of his employees are willing to develop their knowledge and skills and would like to take courses to improve themselves. This additional knowledge would benefit Kevin's company, so he decides to encourage this behavior. Which program is Kevin most likely to use in order to do so?
A. short-term vesting program B. employee wellness program C. tuition reimbursement program D. mature education program E. worker's compensation program
Where does the responsibility lie for reconciling the labor distribution summary and the payroll disbursement voucher?
a. cash disbursements b. cost accounting c. personnel d. general ledger
Operating profit margin is
A. Net sales minus gross margin B. Operating expenses divided by net sales. C. Gross margin minus operating expenses. D. Cost of goods sold minus gross margin. E. Operating expenses minus gross margin.
Answer the following statement(s) true (T) or false (F)
1. Increasing numbers and shares of women in the workplace may be the most important component of diversity at the national level in most of the world. 2. In addition to the economic benefits of turning dependents into producers, research has shown that women’s paid employment decreases human capital investment in children and thus changes the future of the labor force. 3. In developing countries, most women and men who survive until old age must remain in the labor force. 4. In the past few decades, immigration and differential fertility trends have made racial and ethnic diversity in the workforce an important issue in many industrialized countries. 5. During the first decade of the 21st century, immigration to the United States from Mexico increased while immigration from China declined.