Which costing method requires running the inventory close?

A company has items in inventory with two costing methods: FIFO and Standard. The company needs to calculate the cost of all items at month end and provide a total inventory value to the finance department. You need to determine the total value of inventory. Which costing method requires running...

August 9, 2019 No Comments READ MORE +

What should you do?

A company manufactures and sells speaker boxes. The speaker boxes can be silver or black with a basic or upgraded wiring harness assembly. The speaker box must be created in the item master so that the variables for colors and harness type can be assigned at order entry. You need...

August 8, 2019 No Comments READ MORE +

What should you do?

You are the materials manager at a distribution company. You are responsible for setting up the ABC classification of all items as follows: - Class A materials represent 70 percent of the material value. - Class B materials represent 20 percent of the material value. - Class C materials represent...

August 4, 2019 No Comments READ MORE +

Does the solution meet the goal?

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution. After you...

August 3, 2019 No Comments READ MORE +

Which three actions should you perform in sequence?

DRAG DROP A company manufactures wood furniture. Cabinets can be purchased with different wood finishes including oak and maple. You need to configure a product attribute to characterize the types of cabinet finishes. Which three actions should you perform in sequence? To answer, move the appropriate actions from the list...

August 1, 2019 No Comments READ MORE +

Does the solution meet the goal?

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution. After you...

August 1, 2019 No Comments READ MORE +