Determine statement that indicate manufacturing diversity, Accounting Basics

Assignment Help:

Examine each of the items listed below to determine which items include statements that 3) would indicate that manufacturing diversity exists.

Required: Label the items that include a statement that indicates that diversity exists with the letter "D" for diversity. If a statement does not indicate that diversity exists, label it with the letter "N" for no diversity.

1.  The company uses several machines and there are several processes but it only manufactures one product

2. A company manufactures several products and manufacturing processes differ from one product to the next

3. Products are made on the same equipment and require the same production processes, but some products require more quality inspections than others

4.  Low volume and high volume products are made in identical production processes

5. The company manufactures complex products

6. Products are similar and are made on the same machinery, but some require more components parts than other products

7. Product X requires more engineering than product Y requires

8. The manufacturer has only one production process

9. Product AJ is made on a machine costing $568,000; product DJ is made on a machine costing $67,860

10.  A company uses the same equipment to manufacture simple and complex  products.

 


Related Discussions:- Determine statement that indicate manufacturing diversity

Explain about accrual basis and periodicity, Q. Explain about Accrual basis...

Q. Explain about Accrual basis and periodicity? Accrual basis and periodicity demonstrated that financial statements more accurately reflect the financial status and operations

Calculate the gross margin percentage, Q. Calculate the gross margin percen...

Q. Calculate the gross margin percentage? Calculate the gross margin percentage by using the following formula Grossmargin percentage = Grossmargin/Net sales To show th

Fiscal year, A time of 12 consecutive months used by an organization to acc...

A time of 12 consecutive months used by an organization to account for and report the results of its operations.

On january 1, On January 1, 2012, Lexmark Company's Accounts receivable acc...

On January 1, 2012, Lexmark Company's Accounts receivable account had a debit balance of $10,000. During January, 2012, the company billed customers for services in the amount of

Recording, does immaterial items have to be recorded

does immaterial items have to be recorded

An accountant records a transaction, 1. An accountant records a transaction...

1. An accountant records a transaction when cash is paid or received under which basis of accounting?  cash  deferred  accrual  liability  2. When unearned revenue is initially rec

Income Statement, Give the statement classification of each income statemen...

Give the statement classification of each income statement account

Show the company''s balance sheet, Q. Show the company's Balance sheet? ...

Q. Show the company's Balance sheet? Balance sheet the balance sheet Exhibit contains the liabilities, assets and stockholders' equity items taken from the work sheet. Note tha

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd