Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

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Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

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Paramount Company uses a standard costing system that allows 2.5 pounds of direct materials for one finished unit. During August, the company purchased 35,000 pounds of direct materials for $175,000 and manufactured 13,200 finished units. The standard direct materials cost allowed for the units manufactured is $132,000. The performance report shows that Paramount has an unfavorable direct materials usage variance of $6,400. Also, the company records any price variance for materials at time of purchase. The number of pounds of direct materials used to produce August's output was__ pounds.

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Please explain the solution to this general accounting problem with accurate principles.

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Chapter 1, Problem 2Q

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Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

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Chapter 1, Problem 2Q

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Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

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Chapter 1, Problem 2Q

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Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

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Chapter 1, Problem 2Q

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Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

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Chapter 1, Problem 2Q

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Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

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Chapter 1, Problem 2Q

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Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

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Ch. 1 - How does the cost accounting function assist in...Ch. 1 - Prob. 2Q Ch. 1 - Prob. 3Q Ch. 1 - Prob. 4Q Ch. 1 - Prob. 5Q Ch. 1 - Prob. 6Q Ch. 1 - How is cost accounting information used by...Ch. 1 - Why is unit cost information important to...Ch. 1 - For a manufacturer, what does the planning process...Ch. 1 - How is effective control achieved in a...

Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

Solution Summary: The author explains ISO 9000 as an International Standard that was originally issued for manufacturing companies in Country E. It requires a manufacturer to have an apparent quality control system and maintain high level of product quality.

Explain the term “ISO 9000” and also state reason for considering it as an important designation for marketing company.

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Chapter 1 Solutions