MSCI262 Study Guide - Midterm Guide: Direct Labor Cost, Internal Revenue Service, Earnings Before Interest And Taxes

• School: University of Waterloo
• Department: Management Sciences
• Course: MSCI262
• Professor: Forbes Burkowski

Document Summary

Test 1 spring 2008 chapters 1-3 name: __________________________ row?________: managerial accounting: Page 1: after careful planning, jammu manufacturing corporation has decided to switch to a just-in-time inventory system. At the beginning of this switch, jammu has 30 units of product in inventory. Jammu has 2,000 labor hours available in the first month of this switch. These hours could produce 500 units of product. Customer demand for this first month is 400 units. If just-in-time principles are correctly followed, how many units should jammu plan to produce in the first month of the switch: 370, 400, 430, 470, management accounting focuses primarily on providing data for: internal uses by managers. D: direct material cost is a: e r s. Page 3: property taxes on a company"s factory building would be classified as a(n), product cost, opportunity cost, period cost, variable cost, aable company"s manufacturing overhead is 20% of its total conversion costs.