The life expectancy of a customer decreases exponentially as a business moves to higher levels of customer retention
Indicate whether the statement is true or false
FALSE
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TAC Inc, produces two products – Tics and Toes, from one process. The joint processing costs of materials, labor, and overhead total $220,000, producing 20,000 units of Tics and 30,000 units of Toes. The company sells Tics for $20 per unit and Toes for $15 per unit. The amount of joint costs assigned to Tics using the relative sales value method is:
a. $146,666 b. $103,532 c. $116,471 d. $73,333
Over the last five decades, operations management has experienced a shift in focus from effectiveness to efficiency.
Answer the following statement true (T) or false (F)
Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 6,000 Percent complete with respect to materials 60%Percent complete with respect to conversion 20%Costs in the beginning inventory: Materials cost$78,200 Conversion cost$3,600 Units started during the month ? Units completed and transferred out during the month 70,000 Costs added to production during the month: Materials cost$286,600 Conversion cost$216,000 Work in process, ending: Units in process 8,000 Percent complete with respect to materials 75%Percent complete with respect to conversion 25% What was the cost per
equivalent unit for conversion during the month? A. $5.45 B. $6.95 C. $3.05 D. $4.00
It is important to protect trade dress against adoption by a competitor failure to protect the mark can: A)deceive purchasers into believing they have obtained a comparable product
B)dilute the originator's resource investment in its product appearance. C)usurp the business goodwill of the developer of the trade dress. D)allow the mark pass into the English language (like ‘aspirin') and become generic.