The JIT operating philosophy must be adopted by everyone in a company before its total benefits can be realized
Indicate whether the statement is true or false
T
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When you fail to use good grammar in your communication, you may be perceived as lazy or uneducated.
Answer the following statement true (T) or false (F)
Use the information in Table 13.9. What is the cost of a plan that ships 150 units from 1 to C, 150 units from 1 to D, 250 units from 2 to A, 150 units from 2 to C, 200 units from 3 to B, and 50 units from 3 to D?
A) less than $15,000 B) more than $15,000 but less than $16,000 C) more than $16,000 but less than $17,000 D) more than $17,000
Kneller Co. manufactures and sells medals for winners of athletic and other events. Its manufacturing plant has the capacity to produce 12,000 medals each month; current monthly production is 9,600 medals. The company normally charges $99 per medal. Cost data for the current level of production are shown below:Variable costs:? Direct materials$480,800 Direct labor$153,600 Selling and administrative$ 24,960Fixed costs:? Manufacturing$144,000 Selling and administrative$ 78,720The company has just received a special one-time order for 500 medals at $89 each. For this particular order, no variable selling and administrative costs would be incurred. This order would also have no effect on fixed costs. Assume that direct labor is a variable cost.Required:Should the
company accept this special order? What will be an ideal response?
Credit terms of 1/5, net 15 should be interpreted as granting:
A) a 1/5 percent discount for payments within 15 days. B) a five percent discount for next day payments. C) a total credit period of 20 days. D) a credit period of 10 days. E) a one percent discount for payments received within five days.