Older systems that often contain data of poor quality are called ________ systems
A) controlled
B) legacy
C) database
D) mainframe
B
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Indicate whether the statement is true or false
During April, Department A started 400,000 units of product in a particular production process. The beginning work in process inventory was 40,000 units, and the ending inventory was 50,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO
costing method. The number of equivalent units produced in Department A with respect to conversion costs were A) 530,000. B) 394,000. C) 370,000. D) 354,000.
Answer the following statement(s) true (T) or false (F)
1. The shortest sequence of activities in a project is referred to as the critical path. 2. All critical path activities have a slack time greater than zero. 3. The optimistic activity completion time could occur if everything goes according to plan with the activity. 4. The variance of the project’s completion time is determined by summing the variances of the critical path activities. 5. A noncritical activity with high variance could possibly become critical in some situations.
Gradwell, Inc., manufactures and sells two products: Product K8 and Product I4. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct K8300 5.0 1,500 Product I4900 3.0 2,700 Total direct labor-hours 4,200 The direct labor rate is $17.20 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per UnitProduct K8$150.20 Product I4$243.70 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead
CostExpected Activity???Product K8Product I4TotalLabor-relatedDLHs$176,064 1,5002,7004,200Machine setupssetups 71,290 4006001,000Order sizeMHs 121,396 4,3004,6008,900 $368,750 The overhead applied to each unit of Product I4 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $69.72 per unit B. $243.00 per unit C. $307.29 per unit D. $263.40 per unit