Which of the Following Is Not a Criterion for Capacity

question 39

Multiple Choice

Which of the following is not a criterion for capacity planning?

• A) average customer waiting time
• B) probability of excessive waiting
• C) the rate of departure
• D) probability of sales lost because of inadequate waiting area

Apply the LIFO and FIFO perpetual inventory methods to determine the cost of ending inventory.

Calculate the ending inventory using the weighted-average inventory method.

Define key inventory-related terminology and concepts, including replacement cost, net realizable value, and consignment.

Compute adjustments for inventory to market and understand the financial statement impacts of inventory costing methods.