When Sherwin Williams Paint Company has single ownership of integrated, successive stages of production and distribution, it has created a corporate VMS
Indicate whether the statement is true or false
FALSE
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Insetto Biological Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 40,000 fl. oz. of chemicals were started in production. Of these, 31,000 fl. oz. were completed and 9000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted-average method is used.
At the end of the month, Insetto calculated equivalent units. The ending inventory in the Mixing Department was 60% complete with respect to conversion costs. With respect to conversion costs, how many equivalent units were calculated for the product that was completed and for ending inventory? A) Product completed: 31,000 equivalent units; Products in ending inventory: 5400 equivalent units B) Product completed: 31,000 equivalent units; Products in ending inventory: 9000 equivalent units C) Product completed: 40,000 equivalent units; Products in ending inventory: 5400 equivalent units D) Product completed: 40,000 equivalent units; Products in ending inventory: 9000 equivalent units
Which of the following is a benefit for individuals at Level IV of the workplace?
a. Increased economic activities b. Increased respect for other nations and cultures c. Improved health and safety d. Increased reputation image
Understanding learning curves will enable procurement specialists to determine the number of units of the specialized item that they plan to order and then negotiate with the supplier based on the order size. This statement is an application of learning curves in which of the following functions?
a. workforce planning and scheduling b. cost estimation and budgeting c. new product pricing d. procurement negotiations in supply chains
A firm with a "competitive advantage" has a marketing mix that the target market sees as better than a competitor's mix.
Answer the following statement true (T) or false (F)