Which of the following observations is true?
a. Selling and administrative expenses for manufacturers are different from those incurred by merchandisers and service businesses.
b. Service businesses record cost of goods sold.
c. Costs such as materials handling, production scheduling, and inspection are common to service businesses and manufacturers.
d. Service businesses have no inventories.
d
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The portion of whole units that were completed with respect to either materials or conversion costs within a given accounting period is the definition of
A) units started and completed. B) equivalent units. C) conversion costs. D) ending work in process.
The weight of football players is normally distributed with a mean of 200 pounds and a standard deviation of 25 pounds. The probability of a player weighing less than 240 pounds is
A. 0.0548. B. 0.9452. C. 0.9956. D. 0.0044.
Why do employers conduct job analysis?
What will be an ideal response?
Jim receives the following information on his project: PV = 1000, EV = 1200, AC = 800, BAC = 2000, EAC = 1333. How is the project doing in terms of schedule?
A. Less work has been done than planned B. The same amount of work has been done than planned C. The project has cost less than planned D. There is not enough information to draw a conclusion E. More work has been done than planned