The just-in-time operating environment typically is characterized by a large number of non-value-adding activities
Indicate whether the statement is true or false
False
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JIT is philosophy concerned with
a. where to do something. b. how to do something. c. how much of something should be done. d. when to do something.
Miguez Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 2.3liters$7.00per liter$16.10 Direct labor 0.7hours$22.00per hour$15.40 Variable overhead 0.7hours$2.00per hour$1.40 ?The company budgeted for production of 2,600 units in September, but actual production was 2,500 units. The company used 5,440 liters of direct material and 1,680 direct labor-hours to produce this output. The company purchased 5,800 liters of the direct material at $7.20 per liter. The actual direct labor rate was $24.10 per hour and the actual variable overhead rate was $1.90 per hour.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is
computed when the materials are purchased.?The materials quantity variance for September is: A. $2,232 F B. $2,170 F C. $2,170 U D. $2,232 U
The task undertaken by a neural network does not affect the architecture of the neural network; in other words, architectures are problem-independent
Indicate whether the statement is true or false
The basic purpose of a(n) _____ is to coordinate the flow of materials, services, and information among its elements to maximize customer value
a. product layout b. servicescape c. supply chain d. assembly line