A technique that provides a dynamic view of a process using computers, multiple inputs, work centers, and processing techniques to help an operations manager look at the variability of a process under different conditions is known as ______.
a. a value stream map
b. a process simulation
c. a Pareto mapping
d. an assembly chart
b. a process simulation
You might also like to view...
Audit documentation should contain which of the following?
a. A heading that includes the name of the audit client, an explanatory title, and the balance sheet date. b. The initials or electronic signature of the auditor performing the audit test and the date the test was completed. c. The initials or electronic signature of the manager or partner who reviewed the documentation and the date the review was completed. d. All of the above.
Two years ago, Gina loaned Tom $50,000. Tom signed a note the terms of which called for monthly payments of $2,000 plus 6% interest on the outstanding balance. Last year, when the balance owing on the loan was $18,000, Tom defaulted on the note. As of the end of last year, there appeared to be no reasonable prospect of Gina recovering the $18,000. As a consequence, Gina claimed the $18,000 as a nonbusiness bad debt. Last year, Gina had AGI of $50,000, which included $16,000 of net long-term capital gains. Gina did not itemize her deductions. During the current year, Tom paid Gina $13,000 in final settlement of the loan. How should Gina account for the payment in the current year?
A. File an amended tax return for last year. B. Report no income for the current year. C. Report $2,000 of income for the current year. D. Report $5,000 of income for the current year. E. None of these.
Overhead applied is calculated by multiplying predetermined activity rate and actual cost driver activity
Indicate whether the statement is true or false
A company produces 200 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactures the circuits in-house but is considering outsourcing the circuits at a contract cost of $30 each. Currently, the cost of producing circuits in-house includes variable costs of $22 per circuit and fixed costs of $5000 per month. Assume the company could eliminate all fixed costs by outsourcing and that there is no alternative use for the facilities presently being used to make circuits. If the company outsources, operating income will ________.
A) increase by $1600 B) decrease by $6000 C) decrease by $1600 D) increase by $3400