Question 48

What effect does not recognizing spoilage have on the cost per equivalent unit of output?

A.Increases the cost per equivalent unit of output

B.Decreases the cost per equivalent unit of output

C.Onlt effects per equivalent unit cost if no beginning work in process inventory is held

D.Only effects per equivalent unit cost if no ending work in process inventory is held

E.No effect on cost per equivalent unit of outpu

Question 47

Product life-cycle refers to:

A.The seller and means a cradle to grave total cost of a product or service

B.The buyer and means all costs of ownership, operations, maintenance, and disposal

C.The life expectancy of the product before it needs repairs

D.Both A & B

E.Both B & C

Question 46

Detailed planning and engineering of products, services, or processes happens at what stage of the value chain?

A.Design

B.Marketing

C.Production

D.Distribution

E.Research and development