Many indirect costs in a traditional system become direct costs in a JIT system
Indicate whether the statement is true or false
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The following information pertains to the Kathy Company for the year ended December 31, Year 2: Common shares outstanding 1,000,000 Stated value per share $10.00 Market price per share $80.00 Year 1 dividends paid per share $ 4.00 Year 2 dividends paid per share $ 5.00 Earnings per share $ 8.00 The price-earnings ratio for Kathy's common stock is
a. 8 times b. 9 times c. 10 times d. 12 times e. 14 times
A subcontractor can retract a bid used in a general bid at any time
Indicate whether the statement is true or false
Which of the following is a reason for unions favoring gain-sharing plans?
A. Increased involvement with job activities B. Increased peer pressure to perform C. Increased clarity in bonus calculations D. Increased flexibility in moving employees quickly into high-demand areas
Darren Company produces three products with the following costs and selling prices: Product X Y ZSelling price per unit$40 $30 $35 Variable costs per unit 24 16 20 Contribution margin per unit$16 $14 $15 Direct labor hours per unit 4 2 3 Machine hours per unit 5 7 4 If Darren has a limit of 20,000 direct labor hours but no limit on units sold or machine hours, then the ranking of the products from the most profitable to the least profitable use of the constrained resource is:
A. X, Z, Y. B. Y, Z, X. C. Z, Y, X. D. X, Y, Z.