Which of the following is NOT true of a product layout?
a. It is also referred to as a straight-line layout.
b. It works well for repetitive or continuous flow processes.
c. It is used to produce a unique product for different customers.
d. It is used for products that have high and constant demand.
c. It is used to produce a unique product for different customers.
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The process of transferring the data from the journal to the ledger accounts is posting
Indicate whether the statement is true or false
The part of an expert system that automatically executes a line of reasoning when supplied with the rules and parameters involved in a decision is called the:
A) explanation subsystem. B) inference engine. C) workspace. D) knowledge base.
Use of the accounting return on investment technique answers the question, "How long will it take to recover the original investment outlay?"
Answer the following statement true (T) or false (F)
Brong Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for MarchRevenue $5,900$108,300Employee salaries and wages$49,500 $900$66,000Refurbishing materials $500$9,500Other expenses$40,300 $39,800When the company prepared its planning budget at the beginning of March, it assumed that 22 containers would have been refurbished. However, 18 containers were actually refurbished during March.The spending variance for "Other expenses" for March would have been closest to:
A. $8,844 F B. $500 F C. $500 U D. $8,844 U