Linda, I have these 20 questions I need your help on for a take home exam. I have 2 hours.
Cost of goods sold Work-in-process inventory Manufacturing overhead Finished goods inventory
variable cost. fixed cost. mixed cost. step-variable cost.
the purchasing agent. the sales manager. the production manager. the industrial engineering department.
8,800 units. 8,400 units. 8,000 units. 7,200 units.
reduce the total time in preparing the annual budget. compare actual and budgeted results at virtually any level of production. eliminate cyclical fluctuations in production reports by ignoring variable costs. allow management some latitude in meeting goals
Unit-level activity. Batch-level activity. Product-level activity. Facility-level activity.
Thank you so much for your assistance Linda. I have abut an hour and a half left before my time runs out. This is a practice exam but is for a grade and is very important. I would like to verify my answers. And I will gladly give you a great rating when completed.