Draw the product-process matrix and discuss the placement of each process choice
What will be an ideal response?
Answer: The product process matrix relates output volume and degree of customization and shows which process types have the greatest chance for success in each combination of volume and customization. A job shop is best suited to make low volumes of highly customized (low standardization) products and a production line is best for generating large volumes of highly standardized products. Positions off of the diagonal represent limited chances of company survival and are generally thought to incur high opportunity cost or high out of pocket costs.
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When drafting content for online reports, it is helpful to use the inverted pyramid style of organization in which you
A) cover the most important information first and then gradually reveal more detail. B) cover the least important information first and work your way to the main idea. C) pretend you're headed in one direction, and reveal your true intentions at the end. D) walk readers through arguments you don't support, and then explain why. E) use as many complex sentences as possible.
Hawk Store counted some of its inventory twice. As a result, its operating expenses will be
a. Correct only if Hawk Store calculates it cost of goods sold correctly b. Correct since operating expenses are not affected by inventory costs c. Overstated d. Understated
A company records their inventory purchases at standard cost but also records purchase price variances. The company purchased 5,000 widgets $8.00, the standard cost for the widgets is $7.80. Which of the following would be included in the journal entry?
A) $39,000 Debit to Accounts Payable B) $1,000 Credit to Direct Materials Price Variance C) $39,000 Credit to Accounts Payable D) $1,000 Debit to Direct Materials Price Variance
Direct selling is also known as direct ________.
Fill in the blank(s) with the appropriate word(s).