In lean systems, work-in-process inventory is a direct result of overproduction and waiting
Indicate whether the statement is true or false
TRUE
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Plummer Corporation has provided the following data for its two most recent years of operation: Selling price per unit$44Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$9Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$66,000 Year 1 Year 2Units in beginning inventory0 2,000Units produced during the year9,000 7,000Units sold during the year7,000 8,000Units in ending inventory2,000 1,000The unit product cost under absorption costing in Year 2 is closest to:
A. $33.00 B. $28.00 C. $9.00 D. $19.00
Kyle advertised Acme Global’s need for carpenters in a local newspaper, hoping to create a reasonable pool of qualified candidates. Kyle’s actions represent _________.
A. selection B. hiring C. recruiting D. appraising E. training
The MBCA as amended in 1980 and the Revised Act have adopted a net asset test for the issuance of dividends
a. True b. False Indicate whether the statement is true or false
According to Duncan's zero-based marketing communications planning approach
A. big ideas for a promotional campaign are typically based on public relations, advertising, sales promotion, or media advertising. B. integrated marketing communications programs should lead with the promotional function that least effectively addresses a company's communication problem or opportunity. C. managers should focus on what the customer wants and work backward to the brand. D. sales promotion is usually the best tool for accomplishing marketing communications objectives. E. advertising should always be the main tool for accomplishing marketing communications objectives.