In a special order situation, any fixed cost associated with the order would be irrelevant.
Answer the following statement true (T) or false (F)
False
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A toy manufacturer makes its own wind-up motors, which are then put into its toys. While the toy manufacturing process is continuous, the motors are intermittent flow. Data on the manufacture of the motors appears below
Annual demand (D) = 50,000 units Daily subassembly production rate = 1,000 Setup cost (S) = $85 per batch Daily subassembly usage rate = 200 Carrying cost = $.20 per unit per year (a) To minimize cost, how large should each batch of subassemblies be? (b) Approximately how many days are required to produce a batch? (c) How long is a complete cycle? (d) What is the average inventory for this problem? (e) What is the total annual inventory cost (holding plus setup) of the optimal behavior in this problem?
Which of the following is an example of a direct materials cost standard?
A) $40 per direct labor hour B) 50 square feet per unit C) $0.95 per square foot D) 6 direct labor hours per unit
Blue Fin started the current year with assets of $840,000, liabilities of $420,000 and common stock of $240,000. During the current year, assets increased by $480,000, liabilities decreased by $60,000 and common stock increased by $330,000. There was no payment of dividends to owners during the year.What was the amount of Blue Fin's change in total stockholders' equity during the year?
A. $300,000 increase B. $240,000 increase C. $540,000 increase D. $420,000 increase
Burt Reynolds has changed jobs. His last retirement plan's contributions depended on how well the company performed and he shared in the earnings
His present employer allows him ownership in the firm, although this is the riskiest plan. Burt's former plan was a(n) ________ and his current plan is a(n) ________. A) ESOP; money purchase plan B) profit-sharing plan; ESOP C) ESOP; 401(k) D) profit-sharing plan; thrift and savings plan E) ESOP; profit sharing plan