Under the perpetual inventory system, Village Fabrics purchased 25 yards of blue plaid fabric at a cost of $2.00 per yard on June 1; on June 3, 22 yards were sold of the blue plaid; a new shipment came in with 25 more yards at a cost of $2.25 per yard on June 5; on June 15, 17 yards of the blue plaid fabric were sold; Village Fabrics purchased another 25-yard bolt at a cost of $2.50 per yard on
June 19; on June 27, 6 more yards had been sold. No inventory was on hand at the beginning of the month. What is the cost of merchandise sold and cost of inventory under the FIFO method for June?
a. $67.50; $101.25
b. $101.25; $67.50
c. $45.00; $30.00
d. $95.00; $73.75
d
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Two Acme Global workers got into an argument about whose turn it was to clean up the work station. The argument escalated into a fight that damaged the work station and injured both workers. The manager disciplined both workers, giving one a 2-day suspension and the other a 4-day suspension. The manager’s actions violated the ______ part of the OUCH test.
A. objective B. uniform in application C. consistent in effect D. has job relatedness
The ________ period is defined as the length of time needed for a long–term project to recapture the initial investment
a. regain b. recapture c. project d. payback
Production on a limited basis to determine if production equipment can reliably manufacture the product at full scale is referred to as?
a. Rapid prototyping b. Pilot manufacturing c. Reliability engineering d. Grassroots campaigning
Which of the following is found in the Fifth Amendment to the U.S. Constitution?
a. A privilege against self-incrimination. b. A requirement of probable cause. c. A prohibition against cruel and unusual punishment. d. The right to an attorney.