Which of the following is true of mass production jobs?
A. They are repetitive.
B. They require highly skilled workers
C. They require thoughtful concentration.
D. They do not have predetermined tools and techniques.
Answer: A
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The following information is available for Richardson Company for its first year of operations: Sales in units 5,000 Production in units 8,000 Manufacturing costs: Direct labor $3 per unit Direct material $5 per unit Variable overhead $1 per unit Fixed overhead $100,000 Net income (absorption method) $30,000 Sales price per unit $40 Refer to Richardson Company. If Richardson Company were using
variable costing, what would it show as the value of ending inventory? a. $120,000 b. $64,500 c. $27,000 d. $24,000
The ________ provides a quick, efficient, and instantly interactive way to follow up a sale
Fill in the blanks with correct word
Define the decision variables for this situation
Due to increased sales, a company is considering building three new distribution centers (DCs) to serve four regional sales areas. The annual cost to operate DC 1 is $500 (in thousands of dollars). The cost to operate DC 2 is $600 (in thousands of dollars.). The cost to operate DC 3 is $525 (in thousands of dollars). Assume that the variable cost of operating at each location is the same, and therefore not a consideration in making the location decision. The table below shows the cost ($ per item) for shipping from each DC to each region. Region DC A B C D 1 1 3 3 2 2 2 4 1 3 3 3 2 2 3 The demand for region A is 70,000 units; for region B, 100,000 units; for region C, 50,000 units; and for region D, 80,000 units. Assume that the minimum capacity for the distribution center will be 500,000 units.
Hill Top Lumber Company is considering building a sawmill in the state of Washington because the company doesn't have such a facility to service its growing customer base that is located on the west coast. Hill Top's executives believe that future growth in west coast customers will make the sawmill project a good investment. When evaluating the acceptability of the project, which of the following would be considered a relevant cash flow that should be included when determining its initial investment outlay?
A. Hill Top spent $150,000 to prepare the feasibility report of the project. B. The annual cash inflow of $2 million from another existing project that will continue unaffected by the new project. C. The cost of an existing debt of the firm that will annually increase by 0.3 percent as per the lending terms of the debt. D. The cost of $3 million incurred to clear the land on which Hill Top wants to build the sawmill. E. It is estimated that $20 million of business from existing customers will move to the new sawmill.