Explain how learning curves might be applied in a scheduling application
What will be an ideal response?
Learning curves can determine the total labor required to produce a specified number of units. Knowing the unit and total labor requirements, managers can better calculate how long before each unit will be finished, and can schedule shipment of finished goods accordingly. Also, managers can determine how many workers to schedule during the manufacturing process; that number might fall as learning takes place.
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An office supply store that pays a discounted price when it orders more than 12 metal filing cabinets is receiving a(n) ________
A) merchandising allowance B) promotional product C) case allowance D) co-op promotion E) incentive program
Which of the following statements about standards is False?
a. The difference between actual quantity, price or rate and its related standard is called a fluctuation. b. The quantity variances show how much money the company lost (or saved) because the used a different amount of material than they planned to use. c. The rate variance shows how much money the company lost (or saved) because they paid the employees a different amount per hour than they planned to pay. d. Choices b and c are both true.
Cash received from the issuance of capital stock is classified in which section of the statement of cash flows?
A) Operating B) Investing C) Financing D) Noncash
Which of the following is true of Section 10A of the Securities Exchange Act of 1934?
A) It prohibits any manipulative or deceptive practice in connection with the process of the probate. B) It serves as a defense an accountant can assert by claiming due diligence to avoid civil liability. C) It enforces a duty on auditors to detect and report illegal acts committed by their clients. D) It imposes a criminal liability on accountants for making misstatements or omissions in nonaudit services.