When a JIT is implemented, which of the following changes in the accounting system would not be expected?
a. fewer cost allocation.
b. combining raw material and materials in work-in-process into one product cost category.
c. Combining labor and overhead into one product cost category.
d. elimination of the standard costs.
d
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On January 1, a machine with a useful life of five years and a residual value of $3,000 is purchased for $15,000 . What is the depreciation expense in year 2 using the double-declining-balance method?
a. $3,600 b. $4,800 c. $4,080 d. $6,000
Harley-Davidson, because it has so many possible combinations of products, utilizes the process strategy of mass customization
Indicate whether the statement is true or false
The role of the team leader is to create structure and set the tone for future cooperation and positive team attitudes in the:
A) Forming stage of group development. B) Norming stage of group development. C) Performing stage of group development. D) Adjourning stage of group development.
________ occurs when a firm buys back some of its own common shares
A) A leveraged buyout B) An IPO C) A share repurchase D) Secondary offering