A contract that decreases overall costs but leads to higher lot sizes and thus higher levels of inventory in the supply chain is a
A) buyback or returns contract.
B) revenue-sharing contract.
C) quantity flexibility contract.
D) quantity discount contract.
Answer: D
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What will be an ideal response?
A(n) ________ is created when a customer and business have ongoing interactions through the sales of a product or service
A) utility B) marketing concept C) customer relationship D) exchange function E) facilitating function
The cost of goods manufactured of a company is $850,000. The beginning and ending finished goods inventory are $360,000 and 250,000, respectively. Determine the cost of goods sold
A) $960,000 B) $740,000 C) $610,000 D) $600,000
Tyare Corporation had the following inventory balances at the beginning and end of May: May 1May 30Raw materials$25,500 $30,000 Finished Goods$75,000 $66,000 Work in Process$13,500 $16,500 During May, $58,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 300 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,050 of direct materials cost. The Corporation incurred $42,000 of actual manufacturing overhead cost during the month and applied $39,600 in manufacturing overhead cost. The direct
materials cost in the May 1 Work in Process inventory account totaled: A. $9,900 B. $5,400 C. $4,500 D. $9,000