Historical costs include all of the following except:
a. acquisition costs for assets
b. net realizable values for assets.
c. adjusted acquisition costs for assets.
d. initial present value for assets and liabilities
B
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Answer the following statements true (T) or false (F)
1. Managers of virtual workers should arrange for them to meet regularly. 2. Over 20 years ago, Peter Drucker predicted that the future organization would be organized around teamwork, but that has yet to occur. 3. Among the benefits of teamwork is the reduction of destructive internal competition. 4. While quality is usually improved by using teamwork in an organization, productivity typically suffers because teamwork is time consuming.
Briefly describe the four approaches used by organizations to deal with MPR crises
What will be an ideal response?
Sivret Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:Total machine-hours80,000Total fixed manufacturing overhead cost$ 624,000Variable manufacturing overhead per machine-hour$ 3.10 Recently, Job M598 was completed with the following characteristics:Number of units in the job60Total machine-hours300Direct materials$ 645Direct labor cost$ 9,000The unit product cost for Job M598 is closest to:
A. $160.75 B. $215.25 C. $65.25 D. $43.05
An operations manager's staff has compiled the information below for four manufacturing alternatives (A, B, C, and D) that vary by production technology and the capacity of the machinery
All choices enable the same level of total production and have the same lifetime. The four states of nature represent four levels of consumer acceptance of the firm's products. Values in the table are net present value of future profits in millions of dollars. States of Nature 1 2 3 4 Alternative A 50 55 60 65 Alternative B 30 50 80 130 Alternative C 70 80 70 65 Alternative D -100 -10 150 220 a. Assuming a maximax strategy, which alternative would be chosen? b. If maximin were used, which would be chosen? c. If the states of nature were equally likely, which alternative should be chosen?