Vanguard, one of the world's largest investment management companies, has attained cost leadership via
A. establishing sales productivity and operating practices guidelines.
B. re-creating rivals' assembly plant structuration savings.
C. undertaking an operations functionality redesign.
D. ferreting out cost-saving opportunities in every part of the value chain.
E. pursuing a differentiation strategy that can be easily copied.
Answer: D
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In a process costing system, unit cost is computed
a. on the basis of productive output for a period of time. b. for each job worked on. c. for direct materials costs only. d. only for the last production process.
Tondre Corporation has provided the following data concerning last month's operations.?Direct materials$24,000?Direct labor$58,000?Manufacturing overhead cost applied to Work in Process$87,000?Overapplied overhead$1,000??BeginningEnding?Raw materials inventory$12,000$17,000?Work in process inventory$50,000$77,000?Finished goods inventory$28,000$48,000Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.Required:a. Determine the cost of goods manufactured for the month.b. Prepare a Schedule of Cost of Goods Sold for the month.
What will be an ideal response?
In an express easement by reservation, the original land owner retains that portion of the property through which the easement passes
Indicate whether the statement is true or false
The quality control department of a company has decided to select a sample of 20 items from each shipment of goods it receives and inspect them for defects. It has been decided that if the sample contains no defective parts, the entire lot will be accepted
a. What is the probability of accepting a lot that contains 10% defective items? b. What is the probability of accepting a lot that contains 5% defective items? c. What is the probability of rejecting a lot that contains 15% defective items?