FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements is (are) true about non-value-added activities? I. Non-value-added activities are often unnecessary and dispensable. II. Non-value-added activities may be necessary

  • Which of the following statements is (are) true about non-value-added activities?
  • I. Non-value-added activities are often unnecessary and dispensable.
  • II. Non-value-added activities may be necessary but are being performed in an inefficient and improvable manner.
  • III. Non-value-added activities can be eliminated without deterioration of product quality, performance, or perceived value.
  • I, II, and III.
  • II only.
  • I only
  • I and II.
  • III only.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Financial Accounting

Authors: Anne Britton, Chris Waterston

5th edition

273719300, 273719304, 978-0273719304

More Books

Students also viewed these Accounting questions

Question

★★★★★
The Kirby Construction Company was the low bidder on a specialized equipment contract. The contract bid was $5,400,000 with an estimated cost to complete the project of $4,800,000. The contract...

Answered: 1 week ago

Question

★★★★★
Every week during the Vietnam War, a body count (number of enemy killed) was reported by each army unit. The last digits of these numbers should be fairly random. However, suspicions arose that the...

Answered: 1 week ago

Question

★★★★★
3. Use mixed-ability groups in cooperative exercises.

Answered: 1 week ago

Question

★★★★★
The following data are the actual results for Marvelous Marshmallow Company for August. Actual output.............................................................13,500 cases Actual variable...

Answered: 1 week ago

Question

★★★★★
What is the Modified Accelerated Cost Recovery System (MACRS) recovery period for a filing cabinet used in the office of a tax preparation business? a. 3 years. b. 5 years. c. 7 years. d. 9 years.

Answered: 1 week ago

Question

★★★★★
Rhiner Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable...

Answered: 1 week ago

Question

★★★★★
One way to determine the trend of a data set is to find ______________________. Question 36 options: a) percentage of non-overlapping data b) the split middle line of progress c) percentage of...

Answered: 1 week ago

Question

★★★★★
The annual salaries for 5 randomly selected people: Diana: $154,500 Clark: $76,000 Lois: $119,350 Bruce: $2,350,000,000 Barry: $68,000 Which would be the best measure of central tendency for this...

Answered: 1 week ago

Question

★★★★★
Your clients expect a 10% return on investment for podcast and a 15% ROI for TV ads. How would you calculate the expected profit for a client who invests $5500 on a podcast ad and $10,000 for a TV ad

Answered: 1 week ago

Question

★★★★★
Describe in detail the three main assumptions for parametric testing.

Answered: 1 week ago

Question

★★★★★
Which information is required to calculate the Total Amount of Insurance Needed in the Financial Needs Analysis (FNA) section? i. Death Amount, Passive Income, Mortgage Balance ii. Mortgage Balance,...

Answered: 1 week ago

Question

★★★★★
Indiana Company incurred the following costs during the past year when planned production and actual production each totaled 20,000 units: Direct materials used $280,000 Direct labour 120,000...

Answered: 1 week ago

Question

★★★★★
1. Imagine a real situation in your workplace or home situation, where you have given another person feedback on something he has done. a. What was your intention? b. How was the feedback perceived?...

Answered: 1 week ago

Question

★★★★★
Behaviour: What am I doing?

Answered: 1 week ago

Question

★★★★★
5. Imagine a situation where you were really annoyed by someone elses behaviour. Try to find the positive intention behind the behaviour.

Answered: 1 week ago

Previous Question Next Question