Answer:
True
Explanation:
Work in process refers to those goods which require further processing. When a department transfers work in process(WIP) to another department, the recipient department's stock of WIP is debited i.e debit the receiver principle.
Similarly work in process that is being transferred out of a department would be recorded like Purchase return i.e credit what goes out.
A debit in WIP account increases it's balance whereas a credit in WIP account reduces it's balance.
Answer:
1. $4,400 Favorable
2. $14,000 Unfavorable
3. $9,600 Unfavorable
Explanation:
The computation of given question is shown below:-
1. Variable factory overhead Controllable Variance
= $142,600 - 6,000 × 24.5
= $142,600 - $147,000
= -$4,400
= $4,400 Favorable
Where, 24.5 = standard rate - fixed overhead rate
= $28 - $3.5
= $24.5
2. Fixed factory overhead volume variance
= $35,000 - 6,000 × $3.5
= $35,000 - $21,000
= $14,000 Unfavorable
3. Total factory overhead cost variance
= ($142,600 + $35,000) - (6,000 × $28)
= $177,600 - $168,000
= $9,600 Unfavorable
Answer:
The correct answer is the option C: anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need.
Explanation:
To begin with, according to the American Marketing Asociation or A.M.A. a product is known as the combined characteristics that allow the thing to be used for another person after been sold to that person. Therefore that it is understood that a it can be everything that can be sell to a customer in order to satisfy a want or need, so that means that any idea, product, service, design or a combination of all can be a ''product'' according to their definition of it.
Answer:
is based on the concept of just-in-time.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.
Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services from the manufacturers to the consumers.
Additionally, all businesses tend to use supply chain management to eliminate waste and maximize value for growth and development.
Hence, supply chain management is based on the concept of just-in-time (JIT) because it is a management framework that is focused on cutting manufacturing costs while increasing efficiency between suppliers and consumers through the use of a proper inventory system.
Answer:
off-peak pricing
Explanation:
Off-peak pricing is defined as the type of pricing where there is a lower charge for services when there is less flow of customers. It provides an incentive to keep customers that patronise a business when there is less demand.
When there is a rush or higher demand the price can now go higher.
In the given scenario where commuters in New York install radio frequency identification (RFID) devices on their cars that can be read automatically as they approach a toll booth. Also New York authorities the opportunity to manage traffic flow by charging different toll amounts for different times of day.
This is an off-peak pricing system
