Details of this Paper

Exam: 061681RR - THE COSTING OF PRODUCTS

Description

solution


Question

Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers before choosing an answer.;Use the following information to answer this question.;The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.;Sales;$910;Raw materials, inventory, beginning;$80;Raw materials, inventory, ending;$20;Purchases of raw materials;$100;Direct labor;$130;Manufacturing overhead;$200;Administrative expenses;$160;Selling expenses;$140;Work in process inventory, beginning;$40;Work in process inventory, ending;$10;Finished goods inventory, beginning;$130;Finished goods inventory, ending;$150;1. The net operating income for the year (in thousands of dollars) was;A. $40.;B. $180.;C. $110.;D. $410.;2. Which of the following is not one of the five steps in the lean-thinking model discussed in the text?;A. Automate the business process.;B. Create a pull system that responds to customer orders.;C. Organize work arrangements around the flow of the business process.;D. Identify the business process that delivers value.;All the question are attached. Please check

 

Paper#79995 | Written in 18-Jul-2015

Price : $19
SiteLock