All variances should be closed to raw materials, work-in-process, and finished goods inventory
Indicate whether the statement is true or false
false
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On April 1, Year 1, Seaside Bookstore bought an insurance policy costing $48,000 that would insure the retail building for two years against fire loss. What asset account and what amount are recorded on the balance sheet at December 31, Year 1?
a. Prepaid Insurance, $30,000 b. Insurance Expense, $30,000 c. Prepaid Insurance, $18,000 d. Insurance Expense, $18,000 e. Insurance Expense, $9,000
Explain the value of using the reading level feature when word processing a document
Joe's Camera shop has a favorite model that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory holding cost per unit is $20. Assume the store is open 350 days per year
a. What is the optimal order size? b. What is the optimal number of orders per year? c. What is the optimal number of days between orders? d. What is the annual holding and setup cost?
Which of the following is NOT a factor influencing service capacity?
a. customer proximity b. nature of demand c. demand volatility d. total market size