Shorts, Inc produces small engines. For last year's operations, the following data were gathered: Units produced: 100,000 Direct labor: 160,000 hours @ $12.00 Actual variable overhead: $1,300,000 Shorts, Inc employs a standard costing system. During the year, a variable overhead rate of $8.00 was used. The labor standard requires 1.5 hours per unit produced. The variable overhead spending and
efficiency variances are, respectively:
A) $100,000 U and $20,000 U.
B) $100,000 U and $20,000 F.
C) $20,000 U and $80,000 F.
D) $20,000 U and $80,000 U.
E) none of these.
D
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Which of the following statements regarding lean enterprises is true?
a. lean manufacturing refers to making only those items in demand by customers and making those items without waste. b. Learn enterprise put pressure on their entire value chain to minimize waste, maximize quality, eliminate actvities and add product cost but not value and shorten delivery lead time for products and services. c. lean enterprises emphasize an organizations ability to leverage technology and train employees. d. All of the above statements are true.
According to the psychologist Abraham Maslow, self-actualizing needs are met through a:
A. feeling of self-importance, prestige, or recognition. B. sense of achievement, competence, and creativity. C. feeling of belonging to a group. D. sense of security from physical harm and mental abuse.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 28 hours for the first widget. Acme estimates it has a 95% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the fourth widget.
a. 24.71 hours b. 22.68 hours c. 25.28 hours d. 18.76 hours