Which of the following departments is generally responsible for inventory management: explain a- Stores Department b-...
Which of the following departments is generally responsible for inventory management: explain
a- Stores Department
b- Purchase Department
c- Finance Department
d- Sale Department
Homework Answers
b. Purchase Department
It is the department that orders materials and goods required for the production and hence they need to maintain the inventory as per the requirement and demand of the market.
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Which of the following departments is generally responsible for
inventory management: explain
a- Stores Department
b-...
The home office billing department of a chain of department stores prepares monthly inventory reports for...
The home office billing department of a chain of department stores prepares monthly inventory reports for use by the stores’ purchasing agents. Given the following information, use the critical path method to determine: JOB AND DESCRIPTION IMMEDIATE PREDECESSORS TIME (HOURS) a Start — 0 b Get computer printouts of customer purchases a 9 c Get stock records for the month a 18 d Reconcile purchase printouts and stock records b c 28 e Total stock records by department b c...
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The home office biling department of a chain of department stores prepares monthly inventory reports for...
The home office biling department of a chain of department stores prepares monthly inventory reports for use by the stores purchasing agents. Given the following information, use the critical path method to determine: IMMEDIATE TIME JOB AND DESCRIPTION PREDECESSORS (HOURS) Start b Gut computer printouts of customer purchases 10 Get stock records for the month 10 Reconcile purchase printouts and stock records b. 12 Total stock records by department bc 12 1 Determine reorder quantities for coming period 25 Prepare...
The home office billing department of a chain of department stores prepares monthly inventory reports for...
The home office billing department of a chain of department stores prepares monthly inventory reports for use by the stores' purchasing agents. Given the following information, use the critical path method to determine: IMMEDIATE TIME PREDECESSORS (HOURS) d e f g h JOB AND DESCRIPTION Start Get computer printouts of customer purchases Get stock records for the month Reconcile purchase printouts and stock records Total stock records by department Determine reorder quantities for coming period Prepare stock reports for purchasing...
Part B-25 marks- Inventory management Bike World recently opened several stores in New South Wales. The...
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9) The production department should generally be responsible for materials price variances that resulted from: A)...
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The traditional approach to inventory management generally involves A minimizing item cost. B maintaining inventory levels...
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Heaton Steel Company is a steel manufacturer. It has three departments. Department A is responsible for...
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In a responsibility accounting system: A. Managers are responsible for their departments' controllable costs. B. Each...
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The home office biling department of a chain of department stores prepares monthly inventory reports for use by the stores purchasing agents. Given the following information, use the critical path method to determine: IMMEDIATE TIME JOB AND DESCRIPTION PREDECESSORS (HOURS) Start b Gut computer printouts of customer purchases 10 Get stock records for the month 10 Reconcile purchase printouts and stock records b. 12 Total stock records by department bc 12 1 Determine reorder quantities for coming period 25 Prepare...
The home office billing department of a chain of department stores prepares monthly inventory reports for use by the stores' purchasing agents. Given the following information, use the critical path method to determine: IMMEDIATE TIME PREDECESSORS (HOURS) d e f g h JOB AND DESCRIPTION Start Get computer printouts of customer purchases Get stock records for the month Reconcile purchase printouts and stock records Total stock records by department Determine reorder quantities for coming period Prepare stock reports for purchasing...
Part B-25 marks- Inventory management Bike World recently opened several stores in New South Wales. The owner is considering whether a perpetual or periodic inventory system should be used. The company also has an inventory of a bike model with details below: Date Item Jun Quantity Unit cost 35 20 35 25 80 35 Inventory 215 217 5 Purchase 7 Purchase 8 Purchase 10 Sale 17 Purchase 20 Sale 25 Purchase 210 208 30 Sale price is $350 per unit...
9) The production department should generally be responsible for materials price variances that resulted from: A) purchases made in uneconomical lot-sizes. B) rush orders arising from poor scheduling. C) purchase of the wrong grade of materials. D) changes in the market prices of raw materials. 10) The variable overhead efficiency variance does not actually measure how efficiently variable manufacturing overhea sources were used. A) True B) False LAST NA 11) A quantity standard indicates how much of an input should...
In a responsibility accounting system: A. Managers are responsible for their departments' controllable costs. B. Each accounting report contains all items allocated to a responsibility center. C. Organized and clear lines of authority and responsibility are only incidental. D. All managers at a given level have equal authority and responsibility. E. Outputs of the departments are not part of the evaluation process. Decentralization refers to the delegation of decision-making authority to O A. top management OB. superiors. board of directors....
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