______ are high-volume product processes that typically produce standardized products and require identical or similar operations.
a. Line processes
b. Intermittent processes
c. Machine processes
d. Outlier processes
a. Line processes
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Howard Enterprises has a contribution margin ratio of 65% and fixed costs of $15,000. What would sales have to be in order for Howard to earn an after-tax profit of $50,000? The company is in the 40% tax bracket
A) $23,077 B) $100,000 C) $151,282 D) $75,000
Given that the cost of common stock is 18 percent, dividends are $1.50 per share and the price of the stock is $12.50 per share, what is the annual growth rate of dividends?
A) 4 percent B) 5 percent C) 6 percent D) 8 percent
Equivalent units and physical units are the same in manufacturing inventories.
Answer the following statement true (T) or false (F)
Pink Corporation owns 80 percent of Sink Company's voting shares. During 20X4, Pink produced 60,000 smart phones at a cost of $62 each and sold 45,000 smart phones to Sink for $93 each. Sink sold 26,000 of the smart phones to unaffiliated companies for $128 each prior to December 31, 20X4, and sold the remainder in early 20X5 to unaffiliated companies for $133 each. Both companies use the perpetual inventory systems.Based on the information given above, what amount of cost of goods sold did Sink record in 20X4?
A. $3,596,000 B. $2,418,000 C. $2,790,000 D. $1,612,000