At the Beginning of 2018, Terrapin Company Installed a JIT

question 12

Multiple Choice

At the beginning of 2018, Terrapin Company installed a JIT purchasing and manufacturing system. The following information has been gathered about one of the company's products: $\begin{array}{lr}\text { Theoretical annual capacity } & 3,500 \\\text { Actual production } & 1,800 \\\text { Production hours available } & 700 \\\text { Actual conversi on cost per hour } & \$ 10\end{array}$ What is the ideal conversion cost per unit?

• A)$1.02 per unit.
• B)$29.10 per unit.
• C)$2.00 per unit.
• D)$32 per unit.

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Definitions:

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Characteristics or attributes that are inherited from one's parents through genes.

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