A manufacturing plant is capable of producing 10 tons of product per day when it runs three shifts with no breakdowns and plenty of raw materials
Over the past week, the plant has produced an average of 7.3 tons per day because the third shift has devoted much of their time to preventive maintenance. What is the utilization of the plant?
A) 10 tons/day
B) 7.3 tons/day
C) 137%
D) 73%
D
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Ratio analysis performed by the audit team may include the comparison of gross profit percentage to industry averages
a. True b. False Indicate whether the statement is true or false
When a firm manufactures 2,000-3,000 units of a product, it incurs an average cost of $10 per unit. When it manufactures 3,000-4,000 units of the same product, the average cost per unit reduces to $7. However, manufacturing beyond 4,000 units will raise the average cost per unit to $9. Which of the following is the firm's minimum efficient scale?
A. above 4,000 units B. below 2,000 units C. 3,000-4,000 units D. 2,000-3,000 units
Eisentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 16,000 11,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$104,000$56,400Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.30 During the current month the company started and finished Job T272. The following
data were recorded for this job: Job T272:MachiningCustomizingMachine-hours 60 30Direct labor-hours 10 60The amount of overhead applied in the Customizing Department to Job T272 is closest to: A. $762.00 B. $76,200.00 C. $564.00 D. $198.00
Deficiencies in human resources management policies will broaden provider gap 3.
Answer the following statement true (T) or false (F)