When job order costing is used in the service industry, the allocation of indirect costs is normally based on machine hours

Market research is the project-specific, systematic gathering of data and is the activity that links the consumer, customer, and public to the marketer through information

Indicate whether the statement is true or false

If the manufacturing lead time of an item is reduced by 50%, the work in process inventory:

A) is reduced by approximately 50%. B) is reduced by approximately 70%. C) does not change. D) More information is needed for this problem.