A manufacturer took the following actions to reduce inventory. Which of these is generally not accepted as a JIT action?
A) It used a pull system to move inventory.
B) It produced in ever smaller lots.
C) It required deliveries directly to the point of use.
D) It picked the supplier that offered the lowest price based on quantity discounts.
E) It worked to reduce the company's in-transit inventory.
D
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Europa Company manufactures only one product. Presented below is direct labor information for November.
Standard direct labor hours per unit of product 3.90 Number of finished units produced 5,500 Standard wage rate per direct labor hour (SP)$19.90 Total direct labor payroll for the period$385,770 Actual wage rate per direct labor hour worked (AP)$16.70 The direct labor efficiency variance for November (to the nearest dollar) was:
Unlike cash dividends, which are optional payments to stockholders, the interest payment on bonds is required
Indicate whether the statement is true or false