Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in process on February 1 that were 60% complete with respect to conversion costs. During the month, 10,000 units were completed. At the end of the month, 4,000 units remained in work in process that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process.How many units were started into production during February?
A. 9,000
B. 10,000
C. 9,800
D. 11,000
Answer: D
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Answer the following statements true (T) or false (F)
1. A wholly owned subsidiary is the global expansion strategy with the highest risk and investment. 2. When U.S. companies hire UPS to conduct some of their logistics functions for them it is known as outsourcing. 3. Offshoring is defined as using suppliers outside the home country to provide labor, goods, or services. 4. If you can describe a job precisely, or write rules for doing it, it is protected against offshoring.
Pablo knows that the more often he places orders, the ______ the order cost, but if he orders less often but in larger quantities, his holding costs go ______.
a. lower; down b. lower; up c. higher; up d. higher; down
Which of the following is not descriptive of outsourcing?
A. helps reduce the cost structure of a company B. increases the vulnerability of the supply chain C. is limited to the manufacturing process D. invites political backlash from labor unions E. invites political backlash from state legislatures
Which of the following statements is true about trade dress?
A) The main focus of a case of trade-dress infringement is usually on whether the trade dress is primarily functional. B) One of the elements that a party must prove to succeed on a claim of trade-dress infringement is that the alleged infringement creates a likelihood of confusion. C) Trade dress is entitled to lesser protection than a trademark. D) Trade dress must be registered to receive protection from the law.