An operations costing system is:
A. identical to a process costing system except that actual cost is used for manufacturing overhead.
B. the same as a process costing system except that materials are allocated on the basis of batches of production.
C. the same as a job order costing system except that materials are accounted for in the same way as they are in a process costing system.
D. the same as a job order costing system except that no overhead allocations are made since actual costs are used throughout.

Organizational portfolio plan, the final phase of the strategic planning process, involves? a. identifying strategic business units (sbus) and establishing methods to determine how resources should be allocated among the various sbus. b. designing marketing mix strategies c. setting organizational objectives d. creating organizational strategies

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)