Describe the types of manufacturing environments that would best be suited for (1) job-order costing and (2) process costing. Include two examples of manufacturers that would likely use job-cost systems.
What will be an ideal response?
Job-order costing is typically used in manufacturing environments where goods are produced in distinct batches, called jobs. Typically, there are differences among the various jobs produced. In contrast, process costing is used in environments where large numbers of identical product units are manufactured. Two examples of job-costing firms are aircraft and custom-furniture manufacturers.
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Rose Arts expects $45,000 of credit sales in April; $75,000 of credit sales in May; and $90,000 of credit sales in June. Rose Arts traditionally collects 66-2/3% of its sales in the month of the sale and the other 33-1/3% in the month following the sale. How much does Rose Arts expect to collect in May?
a. $60,000 b. $65,000 c. $90,000 d. $85,000
Which of the following is a correct statement regarding enforcement of the FCPA?
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Approximately how often should Jed's Supermarket order 20 oz. cans of Splat Spiced Possum if it expects to sell 5,000 cases per year, the ordering cost is $0.50 per order, and the carrying cost is $0.75/case?
A) 45.29 times per year B) 61.24 times per year C) 63.67 times per year D) 24.56 times per year E) 55.36 times per year
The following is NOT an example of a Marketing report: ____.
A. marketing planning B. payables C. campaign performance D. customer insight