Johnson's rule is a procedure that minimizes makespan in scheduling a group of jobs on two workstations
Indicate whether the statement is true or false
TRUE
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Atoka Manufacturing uses a standard cost system. Standards for direct materials are as follows:
Actual purchases of direct materials for the current month are 10,000 pounds for $48,000. Planned and actual production for the month is 3000 units. Atoka has issued 10,000 pounds of direct materials to production. The journal entry to record this transaction is ________.
A) a debit to Work-in-Process Inventory for $28,800, a credit to Raw Materials Inventory for $30,000, and a debit to Direct Materials Efficiency Variance for $1200
B) a debit to Work-in-Process Inventory for $28,800, a credit to Raw Materials Inventory for $50,000, and a debit to Direct Materials Efficiency Variance for $21,200
C) a debit to Work-in-Process Inventory for $30,000, a credit to Raw Materials Inventory for $50,000, and a debit to Direct Materials Efficiency Variance for $20,000
D) a debit to Work-in-Process Inventory for $50,000, a credit to Raw Materials Inventory for $48,000, and a credit to Direct Materials Efficiency Variance for $2000
People differ greatly in their readiness to try new products. In each product area, there are "consumption pioneers," also referred to as lagging adopters
Indicate whether the statement is true or false
_________________________ information focuses on lifestyles, modes of living, needs,
motives, attitudes, reference groups, culture, social class, family influences, hobbies, political affiliation, and so on. a. Demographic b. Psychographic c. Firmographic d. None of the above
Clevenger Co. planned to produce and sell 30,000 units with a selling price of $10 per unit. Variable costs are expected to be $4 per unit and fixed costs are expected to be $80,000. Clevenger actually produced and sold 37,000 units.Using a contribution margin format:Prepare a fixed budget income statement for the planned level of sales and production.
What will be an ideal response?