In a one-period inventory model, the higher the after-season sales price, the higher the order placed at the start of the season
Indicate whether the statement is true or false
TRUE
Business
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In the Goblette Manufacturing Company, indirect labor is budgeted for $108,000 and factory supervision is budgeted for $36,000 at normal capacity of 160,000 direct labor hours. If 180,000 direct labor hours are worked, flexible budget total for these costs is:
a) $148,500. b) $144,000. c) $162,000. d) $157,500.
Business
Companies that manufacture identical items through a series of uniform production steps use ________ to determine cost per unit sold
A) a process costing system B) a job order costing system C) the weighted-average method D) the first-in, first-out method
Business