The way in which the performance of a cost center is evaluated is similar to
a. job order costing.
b. standard costing.
c. process costing.
d. none of these choices.
B
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Which of the following is a risk that would more likely be seen in a lean production and just-in-time (JIT) manufacturing environment than in a traditional production environment?
A) Reduced customer satisfaction due to product quality. B) Reduced raw material supply bringing the production process to a halt. C) Increased inventory storage costs. D) Increased production time resulting in lost sales.
A company purchased an equipment system for $325,000 on January 2. The company expects the equipment to last for eight years or 81,250 hours of operation, with no estimated salvage value. During the first year, the equipment was in operation for 8,000 hours, while in the second year, the equipment was in operation for 8,700 hours. Compute the depreciation expense relating to the equipment for Year 1 and Year 2 using the following depreciation methods:a. Straight-line.b. Double-declining-balance.c. Units-of-production.
What will be an ideal response?
A German steel maker has sold steel to American firms that it cannot sell in Germany, due to low demand, at a vastly reduced price. This practice is known as:
a. dumping b. counter bargaining c. countertrade d. a strategic alliance e. importing
Loyalty to a single agency is becoming more common as marketers seek new ways of connecting with consumers.
Answer the following statement true (T) or false (F)