1. Required production during a planning period will depend on the:
A)Beginning inventory of products
B)Sales during the period
C)Desired level of ending inventory
D)All of the above
2. The economic order quantity:
A)Determines the reorder point
B)Is the lowest cost amount to order considering all costs?
C)Determines the safety stock
D) All of the above
3. Which of the following is a variable expense?
A)A security deposit
B)A phone bill
C)A sales commission
D) A utility bill
4. Operating expenses can be separated into:
A)Expenses that do not increase with sales
B)Expenses that increase as sales increase
C)Mortgages and lease expenses that increase with sales
D)All the above