Identify the four basic process strategies, and describe them in a complete sentence or two each
What will be an ideal response?
Process focus is a job shop—high variety and low volume; repetitive focus is an assembly line—relatively standardized products with options from modules; product focus is for high volume, low-variety, products, such as oil refining and flour milling; and mass customization is for high volume, high variety.
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A bushel of rice costs 500 yen in Japan and 100 pesos in Mexico. If someone could sell a bushel of rice in Japan for yen, take those yen and exchange them for pesos, then buy a bushel of rice in Mexico, the nominal exchange rate would be ____ and the real exchange rate would be ____.
A. 5 pesos per yen; 6 pesos per yen. B. 1 peso per yen; 4 pesos per yen. C. 1 peso per yen; 2 pesos per yen. D. 5 pesos per yen; 1 peso per yen.
Justine Inc has the following information available for 2011: Cash balance on 1/1/2011 $ 12,000 Cash balance on 12/31/2011 20,000 Net cash provided by investing activities 50,000 Net cash provided by financing activities 16,000 The operating activity section of Justine's statement of cash flows would show:
A) net cash provided by operating activities of $58,000. B) net cash utilized by operating activities of $58,000. C) net cash utilized by operating activities of $98,000. D) net cash provided by operating activities of $98,000.
Pessimistic workers are often productive because they assume that something will go wrong and therefore prepare to prevent unfortunate circumstances
Indicate whether the statement is true or false.
Doakes Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 60,000Total fixed manufacturing overhead cost$378,000Variable manufacturing overhead per direct labor-hour$2.20 Recently, Job M843 was completed with the following characteristics: Number of units in the job 60Total direct labor-hours 120Direct materials$630Direct labor cost$2,400 The unit product cost for Job M843 is closest to:
A. $27.50 B. $50.50 C. $67.50 D. $33.75