Given the Following Numbers from Webster Company, Match the Correct

question 37

Multiple Choice

Given the following numbers from Webster Company, match the correct value with its appropriate term.Webster Company sells a product for $20.Unit cost information is as follows:
Webster normally produces 50,000 units and the fixed overhead rate is based on this amount.Fixed selling and administrative expense is $87,000.
-Variable cost ratio

• A)$6
• B)30%
• C)$14
• D)70%
• E)$290,000
• F)14,500

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Definitions:

JIT Environment

A production strategy that aims to reduce times within the production system as well as response times from suppliers and to customers, characterized by just-in-time inventory management.

Inventory Tactics

Strategies and approaches used in managing inventory levels, turnover, and order quantities to optimize operational efficiency and meet customer demand.

TPS

Toyota Production System, a production methodology aiming for the absolute elimination of waste, inconsistency, and unreasonable requirements in production processes.

Scheduling Products

The process of planning and controlling the production or delivery of products to ensure optimal performance and timely completion.