Cost of oil used to lubricate factory machinery and equipment is an example of a direct materials cost
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following is a causal method of sales forecasting?
A) correlation B) moving average C) Delphi method D) executive opinion
U.S. GAAP requires the disclosure of the direct exchange (with no cash consideration) of a tract of land for manufacturing equipment to be used in the company's operations
a. as an operating activity. b. as an investing activity. c. as a financing activity. d. as an exchange activity. e. in a separate schedule or note, but does not appear in the statement of cash flows as an operating activity, investing activity, or a financing activity.
If a fraternity or sorority wants to attract new members, it should focus on people who view its current members as a(n) ________ group.
A. dissociative B. aspiration C. reference D. involvement E. associative
Last year, RJT Enterprises had average inventories (raw materials, work-in-process, and finished goods) of $7.5 million. During this same year the cost of goods sold was $30 million. The company operates 50 weeks per year
a. What is their total inventory (measured as weeks of supply)? b. What is their inventory turnover?