Answer:
True.
Explanation:
Indirect cost are cost incurred in the production process that cannot be traced directly back to the product, but contributes to the production process in general. For example the salary of wages is not a cost that is directly included in the product itself, but workers are needed to perform tasks and operate the machines that produce the product.
Direct cost are traceable directly to the product and include raw material.
So overhead, facilities and resource opportunity cost are all indirect cost in producing the product.
Answer:
d. parts enter the manufacturing process immediately; they are not warehoused.
Explanation:
The Just in Time inventory system is one where the management of a business increases efficiency and reduces inventory cost by obtaining raw materials for the production process just as they are needed.
This implies warehousing of unused raw materials is at a minimum. Thereby reducing warehousing cost.
So the option most close to JIT inventory method is - parts enter the manufacturing process immediately; they are not warehoused.
This method also requires accurate forecasting get what is actually needed per time.
Answer:
the correct is something else
Explanation:
I believe that Jon's estate complex in Entropia could classify as an intangible property.
Intangible property can be defied as property that doesn't have any physical attributes that give them value. For example, a car is a tangible since you can drive it around, but a certificate of deposit is just a piece of paper (or even a computer code) and nothing else. The same applies to bonds and stocks, you know they are valuable but their value is not provided by their physical characteristics. Other intangible property include patents, software, licenses, copyrights and trademarks.
All of these can be extremely expensive, for example Microsoft is worth hundreds of billions and it sells digital ones and zeros.
Answer:[email protected]$65=$650
[email protected]$65=$975
...... Total =. 1625
Explanation:
Since the stock records are kept on periodic base that's at irregular interval on LIFO it's assumed that the. closing stock of inventory will be the opening stock since purchases were made during the year for production.
