With respect to the four principal activities of Design for Six Sigma, _____ seeks to minimize the impact of variation in production and use, creating a "robust" design
a. design optimization
b. design development
c. design verification
d. concept development
a
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Labor unions in the United States were generally pro-free trade in the 1950s and 1960s. They became concerned about free trade when
a. they negotiated wages and benefits above those in a competitive market. b. they realized that their members faced increased competition from producers in other countries. c. they stopped receiving subsidies from the federal government. d. they started losing membership.
Chen's Department Store is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales $175,000 Purchases 90,000 Inventory (beginning) 23,000 Inventory (ending) 17,000 Purchase returns and allowances 3,000 Purchase discounts 7,000 Transportation-in 4,000 Sales discounts 8,000 Sales returns and allowances 5,000 Refer to the account information
for Chen's Department Store Calculate Chen's cost of goods purchased a. $ 84,000 b. $ 90,000 c. $ 103,000 d. $ 117,000
Dawson Corporation produces a product called Blocker, which gives rise to a by-product called Spotter. The only costs associated with Spotter are additional processing costs of $4 for each unit. Dawson accounts for Spotter's sales first by deducting its separable costs from its sales and then by deducting this net amount from the cost of sales of Blocker. This year, 9,600 units of Spotter were produced. They were all sold for $8 each. Company operating expenses were $250,000 for the year. Sales revenue and cost of goods sold for Blocker were $1,600,000 and $800,000, respectively. (CPA adapted)Required:(a) Calculate the company's gross margin under the current accounting method.(b) Assume the company changes its accounting method and accounts for the by-product's net realizable value as
"other revenue." Calculate the gross margin under the new method.(c) Under what circumstances would method (a) or (b) be preferred? What will be an ideal response?
Why do range charts exist? Aren't x-bar charts enough?
What will be an ideal response?