Which of the following statements is true about the assignment method?
a. Only one job can be assigned to one machine.
b. Up to two jobs can be assigned to one machine.
c. There is no restriction on the number of jobs that can be assigned to one machine.
d. Up to five jobs can be assigned to one machine.
a. Only one job can be assigned to one machine.
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The number of small business owners who are choosing to go it alone is increasing significantly because this option has been made increasingly manageable by
A. new tax incentives. B. emerging technologies. C. expanding social networks. D. balanced management teams.
A note payable cannot be sold or transferred under any circumstance.
Answer the following statement true (T) or false (F)
The purchasing manager was able to bring down the cost of direct materials by purchasing direct materials of a slightly lower grade quality than the company had used previously. The lower grade of direct materials, however, meant a higher defect rate on the assembly line and a higher waste of direct materials during production, which in turn lowered operating income. This situation would lead to a(n) ________.
A) favorable direct materials cost variance B) unfavorable direct labor cost variance C) favorable direct labor efficiency variance D) favorable direct materials efficiency variance
The following data are pulled from a recent Walsh Manufacturing annual report
Assets Raw material inventory $120,000 Work-in-process inventory $50,000 Finished goods inventory $300,000 Property, plant & equipment $500,000 Other assets $200,000 Total assets $1,170,000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $600,000 Other expenses $1,000,000 Net income $400,000 Calculate: (a) Percent invested in inventory, (b) Inventory turnover, and (c) Weeks of supply.