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

Service revenue earned on account, Service revenue earned on account M...

Service revenue earned on account Metro performed courier deliverance services for a customer who agreed to pay USD 900 at a later date. The company approved credit rather tha

Objectives of accounting concepts and standards, After going through this s...

After going through this section, you should be capable to: Appreciate the needs for a conceptual framework of accounting; understand and appreciate the Generally Accept

Show the examples of long-term assets, Q. Show the examples of long-term as...

Q. Show the examples of long-term assets? Property, plant, and equipment are assets with helpful lives of more than one year a company acquires them for use in the business r

Minimum subscription, what do you mean by 90% of the entire issue to be rec...

what do you mean by 90% of the entire issue to be received before the allotment of shares?

Learning objectives of horizontal and vertical analysis, Q. Learning object...

Q. Learning objectives of Horizontal and vertical analysis? - An account is a storage element used to classify and summarize money measurements of business activities of a simi

Rounding decimals, How do you round up to one decimal point using percentag...

How do you round up to one decimal point using percentages? Example 0.207 Thanks

Select Topic, A of Surat consigned goods to B of Jaipur to be sold at or ab...

A of Surat consigned goods to B of Jaipur to be sold at or above invoice price. B is entitled to get a commission of 8% on sales at invoice price plus 25% of any surplus price real

Help, Upper D minus Mobile Wireless needed additional capital to? expand,...

Upper D minus Mobile Wireless needed additional capital to? expand, so the business incorporated. The charter from the state of Georgia authorizes Upper D minus Mobile to issue

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