If lead time and demand are constant, safety stock is equal to demand multiplied by lead time
Indicate whether this statement is true or false.
Answer: FALSE
You might also like to view...
Identify the balance sheet classification of each of the following assets by placing an X in the correct classification: Plant Assets, Natural Resources, or Intangibles. ?Plant assetsNatural ResourcesIntangible Assetsa.Trademark???b.Oil field???c.Gold mine???d.Building???e.Franchise???f.Timberland???g.Patent???h.Land???i.Copyright???j.Leasehold???
What will be an ideal response?
Which of the following statements would need to be documented in a report?
A) Tornadoes caused extensive loss of property and lives in Missouri. B) You can get an idea of how dangerous a tornado is by its rating. C) Damaging winds, common in strong tornadoes, caused problems for the residents of Missouri. D) The Fujita-Pearson tornado scale rates tornadoes with wind speeds of 261 to 318 miles per hour as F5 storms.
An extension clause allows the date of maturity of an instrument to be extended into the future.
Answer the following statement true (T) or false (F)
Toxo Chemicals produces a solvent in its Glendale plant. Three chemicals are combined at the start of the process and blended under pressure for a period of time. At the 75% point of completion, an additional chemical is added. The following information has been gathered: Chemical Mix Additional Chemical Conversion Cost GallonsBWIP$5,000 -0- $3,000 10,000 Added 65,000 15,000 35,000 100,000 Toxo completed 98,000 gallons during the month. The process engineer informs you that the beginning WIP was at the 30% completion point, the ending WIP is at 70%. Toxo uses weighted-average costing.Required:(Use 4 decimal places in your calculations.)a. Compute the equivalent units of production for each input.b. Compute the cost per equivalent unit.c. Compute the cost
transferred out to finished goods.d. Compute the ending work-in-process inventory balance. What will be an ideal response?