Briefly describe the stages used in the two-stage allocation process for assigning overhead costs.
What will be an ideal response?
In Stage One (Cost Distribution or Allocation), all manufacturing costs are assigned to departmental overhead centers. For service departments, the related costs are reassigned to the production departments through this process. In Stage Two (Overhead Application), all of the manufacturing costs accumulated in each production department are then assigned to the production jobs that passed through the department.
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Total customer satisfaction is measured based on the relationship of ________
A) expected value and total customer benefit B) perceived performance and expectation C) advertised outcomes and real outcomes D) past experience and present experience E) customer attitude and salesperson's attitude
Thurston Products Thurston Products sells a popular style of running shoe. The company has prepared the following sales forecast for the second quarter of 2012: April 50,000 pairs May 120,000 pairs June 145,000 pairs Ending inventory at March 31, 2012 was budgeted at 7,500 pairs. Management would like the desired quantity of finished goods inventory at the end of each month to be equal to 15
percent of next month's budgeted unit sales. July's sales are projected to be 135,000 pairs. Each completed unit of finished product requires 2 pounds of rubber material at a cost of $1.75 per pound. The company has determined that it needs 20 percent of next month's raw material needs on hand at the end of each month. Refer to the Thurston Products information above. The total required production of running shoes for the second quarter of 2012 is: A) 315,000 pairs B) 327,750 pairs C) 302,250 pairs D) 287,250 pairs
Setting stretch objectives does not provide an organization with the advantage of
A. helping to avoid mediocre results. B. spurring exceptional performance and helping build a firewall against contentment with modest performance gains. C. helping clarify the company's strategic vision and strategic intent. D. helping a company be more focused and intentional in its actions. E. pushing company personnel to be more inventive and innovative.
____ sentences contain an independent clause and a dependent clause
A) Simple B) Compound C) Complex D) Compound-complex