MANAGERIAL ACCT. LL-W/CONNECT >CUSTOM<
MANAGERIAL ACCT. LL-W/CONNECT >CUSTOM<
17th Edition
ISBN: 9781266576690
Author: Garrison
Publisher: MCG CUSTOM
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Chapter 12, Problem 3Q
To determine

Operating performance measures are the measures that are used by an organization in order to measure the actions that actually drive sales. For instance, filling customer's orders on time, improving quality, and so on. These measures are also known as non-financial measures.

To discuss:

The difference between delivery cycle time and throughput time, are the four elements that makeup throughput time. Also, the elements of throughput time which are value-added and non-value-added.

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Hi expert please give me answer general accounting question
L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine.  Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7. In 2015, L.L. Bean expects to sell more than 500,000 pairs of its duck boots. As of late November 2015, the backorder quantity for Bean Boots was estimated to be about 50,000 pairs. Question: Assume another customer has returned a pair of duck boots (original cost $109) to L.L. Bean. What journal entry would L.L. Bean make to process the return and refund the original purchase price to the customer?
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