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Hello can you help me with this questions ASAP TRUE or FAlse 16. A manufacturing chain is a path that leads from the suppliers of
Hello can you help me with this questions ASAP TRUE or FAlse
16. A manufacturing chain is a path that leads from the suppliers of the materials from which a product is made to the final customer. 17. Reports and analyses prepared in traditional management settings will match the requirement of the new manufacturing environment 18. Just-in-time operating environments encourage continuous improvement of the work environment. 19. In the JIT environment, direct materials and conversion costs will vary significantly for each product in a work cell. 20. Many indirect costs in a traditional system become direct costs in a JIT system 21. The ending balance of the Cost of Goods Sold account will differ in traditional and backflush costing 22. Cost behavior is defined as the manner in which costs respond to changes in volume or activity 23. Unit fixed costs will be the same regardless of how many units are produced 24. Unit variable costs vary with changes in productive output, whereas total variable costs remain constant. 25. The relevant range of activity is the range in which actual operations of a company are likely to occur 26. Regression analysis takes into consideration only the highest and the lowest level of activities to predict cost behavior 27. In a breakeven scatter diagram, the loss area continues till the total costs line is below total revenues line. 28. Breakeven sales in dollars can be obtained without knowing the dollar value of contribution margin per unit. 29. Revising the budgets to include all planning decisions will improve the quality of the budgets. 30. Successful budget implementation depends on two factorsclear communication and the support of tojp management. 31. Participative budgeting results in setting unattainable standards 2. Standard costing can be used only with a process costing system 33. The standard overhead cost is the sum of the estimates of variable and fixed overhead costs in the next accounting period. 4. Variance analysis involves computing the difference between standard and actual costs 35. The direct labor rate variance is the difference between the standard hours allowed and the actual hours multiplied by the actual labor rateStep by Step Solution
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