A production line is to be designed for a product whose completion requires 21 minutes of work. The factory works 400 minutes per day. Can an assembly line with five workstations make 100 units per day?
A) yes, with exactly 100 minutes to spare
B) no, but four workstations would be sufficient
C) no, it will fall short even with a perfectly balanced line
D) yes, but the line's efficiency is very low
E) cannot be determined from the information given
C
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A(n) __________ requires estimating inventory balances during the year for interim financial statements and a formal count of all inventory items at the end of the year
a. periodic inventory system b. inventory control account c. perpetual inventory system d. inventory cost method
Adjusted gross income equals total income less itemized deductions.
Answer the following statement true (T) or false (F)
How is the contribution margin calculated when utilizing variable costing?
a. Sales less variable cost of goods sold b. Sales less variable cost of goods sold, less variable selling and administrative expenses c. Sales less cost of goods sold d. Sales less variable cost of goods sold, less variable selling and administrative expenses, less fixed cost of goods sold, less fixed selling and administrative expenses
A fact sheet written for The Falcon's Lair should be organized with interesting facts at the beginning and the end and mundane but relevant facts in the middle
Indicate whether the statement is true or false