A make-to-stock strategy is used by manufacturers to make products to exact customer specifications in low...
A make-to-stock strategy is used by manufacturers to make products to exact customer specifications in low volumes.
A. True
B. False
Homework Answers
A make to stock strategy means manufacturers produce to hold in stock. The strategy used by manufacturers to make products to exact customer specifications in low volumes is make to order strategy.
Hence, the given statement is false.
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A make-to-stock strategy is used by manufacturers to make
products to exact customer specifications in low...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1 December 31 79,00042,000 44,000 102,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs Skipped 68,000 117,000 $ 326,000 952,000 262,000 The cost of...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 120% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1 $ 82,000 71,000 120,000 December 31 $ 45,000 47,000 105,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs $ 329,000 955,000 265,000 The...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below January 1 December 31 $ 96, 000 59,000 61,000 119,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs 85,000 134,000 343,000 916,000 279,000 The amount...
Which of the following is the basis for Aldi's business strategy? a. low cost b. high...
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Dillon Products manufactures various machined parts to customer specifications. The company uses a job order costing...
Dillon Products manufactures various machined parts to customer specifications. The company uses a job order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,800,000 in manufacturing overhead cost at an activity level of 240,000 machine hours. The company spent the entire month of January working on a large order for 16,000 custom-made machined parts. The company had...
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system...
Dillon Products manufactures various machined parts to customer
specifications. The company uses a job-order costing system and
applies overhead costs to jobs on the basis of machine-hours. At
the beginning of the year, the company used a cost formula to
estimate that it would incur $4,170,000 in manufacturing overhead
cost at an activity level of 556,000 machine-hours. The company
spent the entire month of January working on a large order for
8,900 custom made machined parts. The company had no...
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system...
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,192,500 in manufacturing overhead cost at an activity level of 559,000 machine-hours. The company spent the entire month of January working on a large order for 12,200 custom-made machined parts. The company had no work...
Check m Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order...
Check m Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,230,000 in manufacturing overhead cost at an activity level of 564,000 machine-hours. The company spent the entire month of January working on a large order for 12,500 custom-made machined parts. The company had...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1 December 31 79,00042,000 44,000 102,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs Skipped 68,000 117,000 $ 326,000 952,000 262,000 The cost of...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 120% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1 $ 82,000 71,000 120,000 December 31 $ 45,000 47,000 105,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs $ 329,000 955,000 265,000 The...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below January 1 December 31 $ 96, 000 59,000 61,000 119,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs 85,000 134,000 343,000 916,000 279,000 The amount...
QUESTION2 Fix or dump? Some countries in the European Union and some states in the United States of America are joining the movement to force manufacturers of appliances to make products that last longer and are easier to fix if broken. Studies showed that electric appliances are increasingly short-lived and there are more carbon dioxide emissions generated during the manufacturing process to replace these short-lived appliances. In addition, many electric appliances are manufactured such that they cannot be prised apart...
Dillon Products manufactures various machined parts to customer specifications. The company uses a job order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,800,000 in manufacturing overhead cost at an activity level of 240,000 machine hours. The company spent the entire month of January working on a large order for 16,000 custom-made machined parts. The company had...
Dillon Products manufactures various machined parts to customer
specifications. The company uses a job-order costing system and
applies overhead costs to jobs on the basis of machine-hours. At
the beginning of the year, the company used a cost formula to
estimate that it would incur $4,170,000 in manufacturing overhead
cost at an activity level of 556,000 machine-hours. The company
spent the entire month of January working on a large order for
8,900 custom made machined parts. The company had no...
Check m Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,230,000 in manufacturing overhead cost at an activity level of 564,000 machine-hours. The company spent the entire month of January working on a large order for 12,500 custom-made machined parts. The company had...
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