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jeyben [28]
3 years ago
7

Jim runs a plant that produces cosmetics and uses a flexible manufacturing production process, while his brother Bill runs a pla

nt that manufactures basic household appliances using a mass production system. The benefit Jim's plant has over Bill's plant is that Jim's plant ________.
Business
1 answer:
weeeeeb [17]3 years ago
8 0

Answer:

Jim's plant can produce products with slight variations

Explanation:

Jim runs a plant which uses a flexible manufacturing production process. This means that his products can offer some range of variations according to the suits or demands of customers, which will be especially helpful when there is a change in taste among customers.

Bill, however uses basic appliances and a mass production system. His products may therefore, suffer due to little variations between them in the case of a change in customers' preferences.

You might be interested in
Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory was $31,283 at the beginning
Zarrin [17]

Answer:

16.42

Explanation:

Data provided in the question:

Cost of goods sold =  $548,600

Beginning inventory of the year = $31,283

Ending inventory of the year = $35,538

Now,

the Inventory turnover ratio is calculated as;

⇒ ( Cost of goods sold ) ÷ ( Average inventory of the year )

Also,

Average inventory of the year = \frac{\textup{Beginning inventory + Ending inventory}}{\textup{2}}

= \frac{\$31,283+\$35,538}{\textup{2}}

= $33,410.5

Therefore,

Inventory turnover ratio = $548,600 ÷  $33,410.5

= 16.42

6 0
3 years ago
Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma
TiliK225 [7]

Answer:

Interest paid in cash in 2018 = $0

Interest recognized on the Income statement = $1,800

Liabilities recognized = $90,000

Amount paid for Principal and interest = $93,600

Interest reported on 2019 Income statement = 1800

Explanation:

Interest paid in cash in 2018 is zero because interest and principal were paid in cash on the maturity date.

Interest recognized in 2018 = 90000*0.08*3/12 = $1800

liabilities are recognized at original amount because the interest is not capitalized and no payment made thus far.

Amount paid on maturity date is 93,600 ( 90000 principal, 3600 interest)

interest reported is for three months jan - march

7 0
3 years ago
The Oxford Provident Building Association was the first ________ to form in America.
11Alexandr11 [23.1K]

Answer:

Savings and loan association

Explanation:

8 0
3 years ago
Kuyu Company uses the periodic inventory system. Kuyu started the period with $12,000 in inventory. The Company purchased an add
a_sh-v [17]

Answer:

$29,500

Explanation:

Given that,

Beginning inventory = $12,000

Ending inventory = $6,000

Purchases = $25,000

Purchase return = $1,500

Kuyu’s cost of goods sold during the period:

= Beginning inventory + Net purchases - Ending inventory

= Beginning inventory + (Purchases - Purchase return) - Ending inventory

= $12,000 + ($25,000 - $1,500) - $6,000

= $12,000 + 23,500 - $6,000

= $29,500

5 0
3 years ago
When a company shifts from a traditional cost system in which manufacturing overhead is applied based on direct labor-hours to a
Dimas [21]

Answer:

True

Explanation:

An activity based costing (ABC) system assigns resources to the different production activities, and then unit costs are determined by the proportion of the production activities that every unit requires.

This is a much more complex costing method than just assigning overhead costs based on direct labor hours or machine hours.

6 0
3 years ago
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