Workshape Manufacturing Has Two Classes of Distributors: JIT Distributors and Non-JIT

question 66

Multiple Choice

Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors.The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders.Both types of distributors purchase the same product.The customer activities and costs for the previous quarter are as follows:
- Calculate the total customer cost for the JIT distributors.(Note: Round the activity rates and activity costs to the nearest dollar.)

• A) $487,560
• B) $362,890
• C) $612,370
• D) $250,020
• E) $448,730

Distinguish between different types of professional arrangements and their respective legal outcomes.

Understand the principles of due care, loyalty, and good faith in professional-client relationships.

Acknowledge the significance and consequences of certifications and opinions provided by professionals.

Comprehend the legal doctrines such as ostensible authority and negligent credentialing and their applications.

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Definitions:

Worksheet

A paper or electronic document used to organize and simplify accounting information before the preparation of financial statements.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's bookkeeping system is mathematically correct.

Straight-Line Depreciation

A technique for distributing the expense of a physical asset across its lifespan in consistent yearly increments.

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from the total value of assets.