While indirect production-oriented goods have been the focus of management attention for many years, the purchasing of goods and services that are part of finished goods-termed indirect procurement-is also critical.
Answer the following statement true (T) or false (F)
False
While direct production-oriented goods have been the focus of management attention for many years, the purchasing of goods and services that are not part of finished goods-termed indirect procurement-is also critical.
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The factory personnel whose wages are traceable directly to a product include
a. maintenance personnel. b. support personnel. c. factory supervisors. d. employees who help to shape the product.
The gross profit method of inventory valuation is NOT valid when
a. there is substantial increase in the quantity of inventory during the year. b. there is substantial increase in the cost of inventory during the year. c. the gross margin percentage changes significantly during the year. d. all ending inventory is destroyed by fire before it can be counted.
The number of days' sales in inventory is a rough measure of the length of time it takes to sell the inventory
Indicate whether the statement is true or false
Indicate the correct form of the verb in parentheses. The car (past tense of have) just 8,000 miles on it