When reviewing Porter's value chain analysis, which of the following provides customer support after the sale of goods and services?
A. Outbound logistics
B. Service
C. Inbound logistics
D. Operations
Answer: B
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Joseph, Inc uses the accrual basis of accounting. Joseph's insurance expense account had a $23,000 balance at the end of the year. The prepaid insurance account had a $6,000 balance at the beginning of the year and a $3,000 balance at the end of the year. How much cash was paid for insurance during the year?
A) $4,000 B) $20,000 C) $21,000 D) $29,000
Kehler Corporation wished to market a new product for $2.00 a unit. Fixed costs to manufacture this product are $100,000 . The contribution margin is 40 percent. How many units must be sold to realize net income of $100,00 . from this product?
a. 200,000 b. 250,000 c. 300,000 d. 350,000
Hardigree Corporation uses a job-order costing system. Beginning balance in Work in Process$36,000(1)Raw materials purchased on account$207,000(2)Direct materials requisitioned for use in production$161,000(3)Indirect materials requisitioned for use in production$42,000(4)Direct labor wages incurred$87,000(5)Indirect labor wages incurred$101,000(6)Depreciation recorded on factory equipment$42,000(7)Additional manufacturing overhead costs incurred$57,000(8)Manufacturing overhead costs applied to jobs$219,000(9)Cost of jobs completed and transferred from Work inProcess to Finished Goods$403,000 The total amount of manufacturing overhead actually incurred was:
A. $219,000 B. $284,000 C. $242,000 D. $200,000
During October, Department A started 320,000 units of product in a particular manufacturing process. The beginning work in process inventory was 50,000 units, and the ending inventory was 30,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 50 percent complete with respect to conversion costs. Department A uses the
FIFO costing method. The number of equivalent units for conversion costs was a. 345,000. b. 330,000. c. 360,000. d. 375,000.