Companies that sell goods that have a high unit value tend to use the perpetual inventory system
Indicate whether the statement is true or false
True
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Engineering design is an activity vital to the success of any motor vehicle manufacturer. Identify the level at which engineering design would be classified in the cost hierarchy used with ABC for a maker of a line of automobiles sold throughout the world
a. Batch-level activity b. Product-level activity c. Facility-level activity d. Unit-level activity
Answer the following statements true (T) or false (F)
1. SPC informs us whether a process is stable and conforms to specifications. 2. The percentage of data within three standard deviations (plus/minus) from the mean is about 99%. 3. A range chart monitors the standard deviation resulting from common causes. 4. An underlying assumption about the Poisson distribution is that the probability of occurrence of an event (defect) over a narrow interval of time, area, or space is small and directly proportional to the size of that interval.
Minimum wages, hours of employment, and child labor are regulated by the:
A) Regulated Hours Act. B) Fair Labor Standards Act. C) Right to Work Laws. D) Federal Employment Act of 1940.
Which of the following would be included as manufacturing overhead for a manufacturing company?
A) direct materials cost B) indirect materials cost C) direct labor D) advertising