An employee time ticket is an hour-by-hour summary of the employee's activities throughout the day.
Answer the following statement true (T) or false (F)
True
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For the United States, empirical studies indicate that over the past two decades the cost of international transportation relative to the value of U.S. imports has
a. increased. b. decreased. c. not changed. d. remained stagnant on presidential election years.
As compared with direct store delivery, a major advantage to the use of central warehousing is the _____
a. need for lower overall inventory levels b. need for extra handling for perishables c. ability to easily shift goods from one retail location to another d. increased capability for quick response inventory planning
The following information is available for the year ended December 31: Beginning raw materials inventory$11,000 Raw materials purchases 86,000 Ending raw materials inventory 10,400 Manufacturing supplies expense 900 The amount of raw materials used in production for the year is:
A. $86,600. B. $85,400. C. $87,500. D. $85,700. E. $86,900.
Red Tail Manufacturing, Inc provided the following information for the year
Purchases-Raw Materials $91,000 Plant Utilities and Insurance 66,000 Indirect Materials Used 11,240 Indirect Labor 4,830 Direct Materials Used in Production 98,000 Direct Labor 118,500 Depreciation on Factory Plant and Equipment 8,000 Cost of Goods Manufactured 292,000 Cost of Goods Sold 290,000 The inventory account balances as of January 1 are given below. Raw Materials Inventory $45,000 Work-in-Progress Inventory 11,000 Finished Goods Inventory 304,570 What is the ending balance in the Finished Goods Inventory? A) $304,570 B) $302,570 C) $306,570 D) $596,570