Which type of automation is appropriate for processes designed to produce large volumes of standardized products that have relatively long life cycles?

a. fixed
b. flexible
c. constant
d. continuous


a. fixed

Business

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On April 1, Year 1, Seaside Bookstore bought an insurance policy costing $48,000 that would insure the retail building for two years against fire loss. What asset account and what amount are recorded on the balance sheet at December 31, Year 1?

a. Prepaid Insurance, $30,000 b. Insurance Expense, $30,000 c. Prepaid Insurance, $18,000 d. Insurance Expense, $18,000 e. Insurance Expense, $9,000

Business

Answer the following statements true (T) or false (F)

The fact that service giving rise to pension benefits occurred in the past was the main concern of ARB 36.

Business

The seller's or lessor's general obligation is to transfer and deliver the goods to the buyer or lessee

Indicate whether the statement is true or false

Business

A company produces heating elements that go through two operations, casting and assembling, before they are complete. Expected costs and activities for the two departments are shown below. Given this information, the departmental overhead rate for the assembling department based on direct labor hours is $5 per direct labor hour. CastingAssemblingDirect labor hours 1,875DLH 7,500DLHMachine hours 12,500MH 3,750MHOverhead costs$75,000 $37,500 

Answer the following statement true (T) or false (F)

Business