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Companies That Must Determine Well In Advance Of The Selling Season...

 April 23, 2021     No comments   

View Homework Help - homework 2.docx from MARKETING 1234 at College of Business & IT Batkhela, Malakand Agency. Which of the following types of companies This preview shows page 1 - 3 out of 4 pages. Which of the following types of companies would have work in process inventory?This company is practicing which of the following principle. Which of the following management thinker created a role classification system based on how managers spend their time at work to describe a manager's role? Which of the following is the final step in the decision-making process?Bosril Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department The following costs were incurred in the first processing department during the month: Materials costs $93,900. Conversion costs $100,253.Work-in-process inventory is made up of three jobs with the following costs: During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $29,000.Work-in-process inventory consists of all inventory items that have begun but not completed At any given time, a portion of the inventory in a manufacturing operation is in the process of being transformed from raw materials or components into finished goods.

MGT503 Principles of Management Solved MCQs From Quiz # 4

Inventory carrying cost is that cost which is incurred by company to stock the inventory while cost for not having inventory means that cost which To open your use inventory, click "i" and if clicking i doesn't work, then that means you changed it, and you will have to click the bag looking icon at the...Types of Inventory. Inventory is generally categorized as raw materials, work-in-progress, and Work-in-progress inventory is the partially finished goods waiting for completion and resale What is inventory? Inventory refers to a company's goods and products that are ready to sell, along with the...Raw materials, work in process and finished goods are the three types of inventory held by which of the following types of companies? Which of the following items would NOT be found in raw materials inventory for a furniture manufacturer?The concept of inventory, stock or work in process (or work in progress) has been extended from manufacturing systems to service businesses [1][2][3] and projects This would include the monitoring of material moved into and out of stockroom locations and the reconciling of the inventory balances.

MGT503 Principles of Management Solved MCQs From Quiz # 4

How many units are in ending work in process inventory in the first...

Direct materials inventory. Work-in-process inventory Finished goods inventory. The following information concerns its work in process: Beginning inventory, 12,000 partially complete gallons. 19. One of the primary differences between job costing for service and manufacturing companies is...Direct materials are introduced at the beginning of the process. mishrasatyam2006 mishrasatyam2006. Answer: Milton & Company had 5,000 units of the work-in-process inventory . A retail trades has not kept proper books of account from the following particulars ascertain the profit...The following budgeted information has been obtained for the period ending 31 December 20X8 Although present inventories together with orders already plannedwill be sufficient to facilitate normal activity Work-in-progress and finished goods inventories may be assumed to be the same at the...Which of the following is an example of a free online database that a company could access in order to develop marketing intelligence? Which type of research would be best suited for identifying which demographic groups prefer diet soft drinks and why they have this preference?2. Company Y has the following inventory data (c) Cain Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost of $4 A. Merchandise Inventory B. Work in process C. FOB shipping point D. FOB destination E. Specific identification method.

1. 

Which of the following are merchandising companies?

A.&nbsp

Manufactures

B.&nbsp

C.&nbsp

Wholesalers

D.&nbsp

Both Retailers and Wholesalers

2. 

Raw fabrics, work in process and finished items are the 3 types of inventory held by means of which of the following types of companies?

A.&nbsp

Manufacturing

B.&nbsp

C.&nbsp

Wholesalers

D.&nbsp

Service Companies

3. 

The stability sheet of a carrier company has:

A.&nbsp

Little of no inventory

B.&nbsp

Raw fabrics inventory

C.&nbsp

Three classes of inventory

D.&nbsp

Two classes of inventory

4. 

Which types of corporate normally produces it is personal inventory?

A.&nbsp

Manufacturer

B.&nbsp

Service corporate

C.&nbsp

D.&nbsp

Wholesaler

5. 

What kind of corporate resells products it up to now purchased ready-made from suppliers?

A.&nbsp

Merchandise

B.&nbsp

C.&nbsp

Wholesaler

D.&nbsp

All of the above

6. 

Before these fabrics are used to fabricate its vehicles, Honda classifies metal, glass, and plastic as:

A.&nbsp

Finished goods inventory

B.&nbsp

Raw fabrics inventory

C.&nbsp

Work in process inventory

D.&nbsp

Merchandise inventory

7. 

Wal-Mart classifies its clothing held on the market as:

A.&nbsp

Finished items inventory

B.&nbsp

Raw materials inventory

C.&nbsp

Work in process inventory

D.&nbsp

Merchandise inventory

8. 

A.&nbsp

Finished items

B.&nbsp

Raw fabrics

C.&nbsp

D.&nbsp

Work in process

9. 

Intel Corporation makes pc chips. Intel Corporation would be classified as a:

A.&nbsp

Manufacturing corporate

B.&nbsp

Merchandising corporate

C.&nbsp

Service company

D.&nbsp

Simple company

10. 

In ______________, inventory consists of freight-in and the price of the product which is to be resold.

A.&nbsp

A service corporate

B.&nbsp

A vending corporate

C.&nbsp

A producing corporate

D.&nbsp

All of these companies

11. 

Which of the following items would NOT be discovered in raw fabrics inventory for a furnishings producer?

A.&nbsp

B.&nbsp

C.&nbsp

Assembly worker wages

D.&nbsp

Steel framing

12. 

Which of the following prices might be found in work in process inventory for an ice cream manufacturer?

A.&nbsp

Utilities for administrative workplaces

B.&nbsp

Assembly employee wages

C.&nbsp

Depreciation of sales workplace

D.&nbsp

Customer order bureaucracy

13. 

An organization choice as to the place to locate a new retailer would be considered?

A.&nbsp

Customer provider

B.&nbsp

C.&nbsp

Production

D.&nbsp

Research and construction

14. 

Delivery bills are are charged to which of the following areas?

A.&nbsp

Customer provider

B.&nbsp

Distribution

C.&nbsp

Production or purchases

D.&nbsp

15. 

A product improve scorching line would be considered:

A.&nbsp

Customer provider

B.&nbsp

Distribution

C.&nbsp

Production or purchases

D.&nbsp

16. 

Indirect costs incurred in manufacturing autos include all of the following EXCEPT:

A.&nbsp

Cost of the engines

B.&nbsp

Machinery depreciation in the manufacturing unit

C.&nbsp

Plant utilities

D.&nbsp

Plant manager salary

17. 

Prime costs consist of:

A.&nbsp

Direct hard work and manufacturing overhead.

B.&nbsp

Direct fabrics and direct hard work

C.&nbsp

Direct fabrics and production overhead

D.&nbsp

Direct fabrics, direct exertions and manufacturing overhead

18. 

Conversion costs consist of:

A.&nbsp

Direct hard work and manufacturing overhead

B.&nbsp

Direct fabrics and direct labor

C.&nbsp

Direct materials and manufacturing overhead

D.&nbsp

Direct materials, direct exertions and manufacturing overhead

19. 

Which of the following is an instance of direct exertions?

A.&nbsp

Salary of a production supervisor

B.&nbsp

Salary of the vice-president of operations

C.&nbsp

Wages of meeting line workforce

D.&nbsp

Wages of manufacturing unit safety

20. 

Which of the following are classifed as production overhead?

A.&nbsp

Direct fabrics and direct labor

B.&nbsp

Indirect hard work and indirect fabrics

C.&nbsp

All materials

D.&nbsp

Factory hire and direct hard work

21. 

Manufacturers believe selling and administrative costs to be:

A.&nbsp

Prime prices

B.&nbsp

Conversion prices

C.&nbsp

Inventoriable prices

D.&nbsp

Period costs

22. 

Period costs are:

A.&nbsp

Always considered section of the inventory

B.&nbsp

Always recorded as an expense

C.&nbsp

Expensed only when the inventory is sold

D.&nbsp

None of the above

23. 

Where would length prices be found on the financial statements?

A.&nbsp

Under present property on the steadiness sheet

B.&nbsp

Under present liabilities on the steadiness sheet

C.&nbsp

As running expenses on the source of revenue observation for the earlier period

D.&nbsp

As operating expenses on the source of revenue remark in the length incurred

24. 

When manufacturing merchandise, direct labor and direct materials are categorized as:

A.&nbsp

Period costs and expensed when incurred

B.&nbsp

Period prices and expensed when the goods are offered

C.&nbsp

Product costs and expensed when incurred

D.&nbsp

Product costs and expensed when the items are offered

25. 

Certain fabrics used in a producing plant cannot be traced to a particular unit. These materials are referred to as _________ materials.

A.&nbsp

B.&nbsp

C.&nbsp

D.&nbsp

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