Companies that are unable to commit the necessary resources to assess or certify supplier quality on their own will never accept ISO 9000:2008 registration as proxy evidence of a supplier's quality management capability
a. True
b. False
Indicate whether the statement is true or false
False
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Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. b.Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. c.The ending finished goods inventory equals 30% of the following month's sales. d.The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. e.Regarding raw materials purchases, 40% are paid for in
the month of purchase and 60% in the following month. f.The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. g.Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. h.The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000. The estimated finished goods inventory balance at the end of February is closest to: A. $362,160 B. $287,280 C. $74,880 D. $316,080
If sales volume expands materially late in the year, days' sales in receivable will be:
a. unaffected by the choice of a natural business year over a calendar year-end. b. understated in one year and overstated in the following period. c. understated. d. overstated.
All customers have the same reference price for the same basic type of purchase.
Answer the following statement true (T) or false (F)
When revising your draft for style you should
A) Vary your ideas B) Use as much jargon as possible. C) Avoid active voice D) Use words that are clear, simple, and concise