With the full absorption method of accounting, which of the following could occur?
I. Manufacturing could produce inventory and show good performance
II. Manufacturing could show poor performance by producing only what is sold
A) I
B) II
C) Both I and II
D) Neither I nor II
With the full absorption method of accounting, which of the following could occur?
I. Manufacturing could produce inventory and show good performance
II. Manufacturing could show poor performance by producing only what is sold
A) I
B) II
C) Both I and II
D) Neither I nor II
Long-term agreements with suppliers may include which of the following types of special arrangements?
I. Simplified paperwork systems
II. Returnable containers
III. Specially designed containers
IV. Effective personal contacts at each site
A) IV only B) II and III only
C) I, II, and III only D) I, II, III, and IV
Inventory turnover is especially important as a measure for
Ⅰ. Delivery speed
Ⅱ. Flexibility
Ⅲ. Product design
Ⅳ. Quality conformance
A) Ⅰ, Ⅱ B) Ⅰ, Ⅲ
C) Ⅰ, Ⅳ D) Ⅰ, Ⅱ, Ⅲ