Describe how kanbans are used to control the flow of inventory in a manufacturing facility.
What will be an ideal response?
A successful answer should describe the use of production and withdrawal kanbans to ensure the smooth flow of product through a facility and to prevent the accumulation of excess inventory.
You might also like to view...
Identify the approach where the benefits of the product are put in monetary terms such as time savings, less use of materials, or less downtime
A) value pricing B) pricing to value C) value-in-use D) price discrimination
Those who favor localized marketing see national advertising as wasteful because it ________
A) gets too up close and personal with consumers B) drives up manufacturing and marketing costs by reducing economies of scale C) magnifies logistical problems D) fails to address local needs E) sends conflicting marketing messages
Each liability insurance provider has a duty to defend the insured when a third party files a legal claim against the insured that falls within the coverage terms of the policy.
Answer the following statement true (T) or false (F)
On January 1, 2018, McHenry Manufacturing Company purchased a machine for $40,400,000. McHenry's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $50,000. The machine was used for 4600 hours in 2018 and 6000 hours in 2019. Calculate the book value of the machine at the end of 2019 if the company uses the units-of-production method of depreciation. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $27,820,344 B) $40,400,000 C) $27,804,656 D) $34,940,904