Answer the following statements true (T) or false (F)
1. Accurate demand planning can result in excess inventories and unwanted capacity.
2. Demand forecasts are rarely accurate in predicting the actual demand that will occur in the future period.
3. A clear picture of market dynamics is difficult to obtain with regard to demand planning.
4. One of the approaches to reduce the inaccuracy of forecasts is through acceleration of the forecasting process to reduce errors.
5. One of the factors for collaborative forecasting is the customers’ buying power.
1. False
2. True
3. False
4. False
5. False
You might also like to view...
When preparing the budgeted income statement of a merchandising company, the amount of cost of goods sold can be taken from the ________.
A) budgeted balance sheet B) cost of goods sold budget C) inventory, purchases, and cost of goods sold budget D) capital expenditures budget
Total liabilities plus shareholders' equity shows the sources of all the firm's financing, and the assets show how the firm holds or has invested those funds
Indicate whether the statement is true or false
If Kettler Company loans $24,000 to Beam Company on March 1, Year 1, and the one-year note carries an interest rate of 7%, how much interest revenue will Kettler recognize in Year 1? How much interest revenue will Kettler recognize in Year 2?
What will be an ideal response?
Coates Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $249,000, variable manufacturing overhead of $3.80 per machine-hour, and 30,000 machine-hours. The company has provided the following data concerning Job X784 which was recently completed: Job E's manufacturing cost: Number of units in the job 50Total machine-hours 250Direct materials$470Direct labor cost$5,500 If the company marks up its unit product costs by 30% then the selling price for a unit in Job X784 is closest to:
A. $53.97 B. $253.87 C. $233.87 D. $155.22