The direct-material budget shows the number of units and the cost of material to be purchased and used during a budget period. Which of the following formulas is this schedule based on?
A. Raw material required for production ÷ [(expected beginning inventory of raw material + desired ending inventory of raw material) / 2] = Raw material to be purchased.
B. Raw material to be purchased + expected beginning inventory of raw material = Desired ending inventory of raw material × cost per unit = Raw materials required for production.
C. Raw materials required for production ? desired ending inventory of raw material = Total raw material required + expected beginning inventory of raw material = Raw material to be purchased.
D. Raw materials required for production + desired ending inventory of raw material = Total raw material required ? expected beginning inventory of raw material = Raw material to be purchased.
E. Total raw material required + Raw materials required for production = desired ending inventory of raw material = Raw material to be purchased.
Answer: D
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A. Uniform Employment Termination Act B. Equal Employment Opportunity Commission Act C. International Labor Act D. United States Civil Rights Act
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A. greater than $46,000. B. $46,000. C. $0. D. less than $46,000 but greater than $0.
Explain the Abilene paradox and identify the factors that contribute to it.
What will be an ideal response?
To effectively implement total quality management, managers should
A. ask employees for suggestions about improvements. B. stockpile inventory to avoid manufacturing delays. C. demand that employees achieve quality goals without added incentives. D. focus on the cost of the quality program. E. minimize interactions across departments to increase functional focus.