One of the principles of work center scheduling is that, while certainty of standards, routings, and so forth is not entirely possible in a shop, certainty should always be an objective to work toward.
Answer the following statement true (T) or false (F)
True
Much of our discussion of work center scheduling systems can be summarized in the following principles: 10. Certainty of standards, routings, and so forth, is not possible in a shop, but always work toward achieving it.
You might also like to view...
In determining earnings per share, interest expense, net of applicable income taxes, on convertible debt which is dilutive should be
a. ignored for diluted earnings per share. b. added back to net income for diluted earnings per share. c. deducted from net income for diluted earnings per share. d. none of these.
Under international accounting standards, cash paid for income taxes (associated with income tax expense) can be shown on the statement of cash flows as an
a. operating activity only. b. operating activity, or may be split between operating, investing, and financing activities depending on the nature of the transaction giving rise to the tax payment. c. operating activity, or may be split between operating and investing activities depending on the transaction giving rise to the tax payment. d. operating activity, or may be split between investing and financing activities depending on the transaction giving rise to the payment.
Costs incurred by defects that occur prior to delivery to the customer are called:
A) external failure costs. B) internal failure costs. C) appraisal costs. D) prevention costs.
William is the owner of a made-to-order furniture shop. He maintains extensive catalogues of the designs and customizations that he offers. Once a customer places an order, William buys the required amount of raw materials from his regular suppliers and starts working on the order. From the given scenario, it can be inferred that William follows the _____.
A. push system of inventory control B. mass production system C. just-in-time production system D. flow production system