Kalder Inc. is using a new just-in-time inventory management system that requires ordering smaller quantities of parts more frequently. The success of its business depends significantly on receiving these parts very quickly, so like many other companies using just-in-time, Kalder Inc. is relying more on the ____ mode of transportation despite its expense.
A. railroad
B. pipeline
C. airway
D. truck
E. waterway
Answer: C
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A retailer would not conduct an audit unless it would involve the lowest incremental costs possible. The retailer should consider using a(n) _____
a. outside auditor b. company specialist c. company department manager d. consultant
The Accounts Payable account is a temporary account
Indicate whether the statement is true or false
Decorte Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data:Total direct labor-hours10,000Total fixed manufacturing overhead cost$ 33,000Variable manufacturing overhead per direct labor-hour$ 2.50 Recently, Job K332 was completed with the following characteristics:Number of units in the job70Total direct labor-hours140Direct materials$ 455Direct labor cost$ 5,320The amount of overhead applied to Job K332 is closest to:
A. $462 B. $1,162 C. $350 D. $812
SO 9000 QMS is based on eight principles from total quality management (TQM). Which of the following is NOT one of them?
A. Continual improvement guidelines should vary when applied to the organization and to its people, processes, systems, and products. B. Decisions must be based on the analysis of accurate, relevant, and reliable data and information. C. Take advantage of fully involved employees, using all their abilities for the benefit of the organization. D. Recognize that things accomplished are the results of processes and that processes along with related activities and resources must be managed.