A critical element to performance measurement metrics is
A. customer input.
B. employee training.
C. production efficiency.
D. employee input.
E. CRM programs.
Answer: A
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Which of the following statements accurately describes manufacturing cost flows in a just-in-time (JIT) environment?
A) Direct labor and overhead are maintained in a work in process account for long periods of time. B) There is little need to maintain a cost of goods sold account. C) There is little need to maintain raw materials, work in process, or finished goods accounts. D) Manufacturing costs are maintained in the finished goods account for long periods of time.
Coble Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated shaper. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$28,560? Capacity of the shaper 280?hoursActual results: Sales$93,000? Direct materials$11,900? Direct labor$17,200? Actual total fixed manufacturing overhead$28,560? Selling and administrative expense$4600? Actual hours of shaper use 240?hoursThe manufacturing overhead applied is closest to:
A. $28,560 B. $24,480 C. $13,286 D. $4600
An example of language creating a suretyship as meant under the statute of frauds would be the following: "If my business partner does not write out the check for the supply bill for our company, I will."
a. True b. False Indicate whether the statement is true or false
Dawson owns Evergreen, a complex under construction that will include commercial and residential suites, as well as a parking garage. Dawson allows First Call Construction, Inc, the contractor, to complete a stage of construction late. Thiswaives Dawson's right to sue for
a. this delay only. b. any subsequent breaches by First Call. c. any future breaches by First Call or any subcontractor. d. none of the choices.