The value stream mapping tool often requires completion of the future state drawing before the current state drawing, to help managers see the future state goals and more easily identify problems with the current state of the process

The beginning inventory costs and the product costs of the current period are combined to determine the average cost of equivalent units of production under the ________

A) equivalent units method B) conversion costs method C) first-in, first-out method D) weighted-average method

Which of the following would not be an acceptable way to express contribution margin?

a. Sales minus variable costs b. Sales minus unit costs c. Unit selling price minus unit variable costs d. Contribution margin per unit divided by unit selling price