Answer: True
Explanation:
Lean is simply defined as management practices that are used by companies or organizations in order to improve the effectiveness and the efficiency during production by eliminating waste.
It should be noted that in a lean system, the work in process and raw materials inventory accounts are combined.
Answer:
C. Significant amounts of indirect costs are allocated using only one or two cost pools.
D. All or most indirect costs are identified as output unit-level costs.
E. Products make diverse demands on resources because of differences in volume, process steps, batch size, or complexity.
F. Products that a company is well suited to make and sell show small profits, whereas products that a company is less suited to produce and sell show large profits.
Explanation:
ABC (activity based costs) method focuses on individual activities as the main cost objects. After it determines the cost of individual activities, it uses them as the basis for assigning costs to products and services. ABC method allocates overhead costs based on the main cost objects.
The answer is (D). There are many factors in the highway traffic system such as the environment, Highways, and Drivers but, Car washes are not a part of the system
Answer:
Manufacturing overhead= $59,000
Explanation:
<u>Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.</u> We need to identify the indirect costs incurred in production. It includes the <u>depreciation</u> of factory equipment.
Manufacturing overhead= Utilities, factory + Indirect labor + Depreciation of production equipment
Manufacturing overhead= 9,000 + 25,000 + 25,000
Manufacturing overhead= $59,000
Answer:
met with an existing client to discuss possible extension of a sales contract
Explanation:
The event above would not be recorded in pinnacle's accounting records due to the fact that it was just a conversation and not registered or recorded somehow.
