137.
The economic order quantity formula assumes that
138.
Bell Co. changed from a traditional manufacturing philosophy to a just-in-time philosophy.
139. What are the expected effects of this change on Bell's inventory turnover and inventory as a percentage of total assets reported on Bell's balance sheet? 140.
Which quality definition can be described as "meeting or exceeding the needs and wants of customers?"
141. Key Co. changed from a traditional manufacturing operation with a job order costing system to a just-in-time operation with a back-flush costing system. What is (are) the expected effect(s) of these changes on Key's inspection costs and recording detail of costs tracked to jobs in process? 142. Nonfinancial performance measures are important to engineering and operations managers in assessing the quality levels of their products. Which of the following indicators can be used to measure product quality? I. Returns and allowances. II. Number and types of customer complaints. III. Production cycle time. 143. To evaluate its performance, the Blankie Co. is comparing its costs of quality from one year to the next. The relevant costs are as follows: Which of the following conclusions can Blankie draw about its quality program? 144. Which measures would be useful in evaluating the performance of a manufacturing system? I. Throughput time. II. Total