Identify work flow procedures. (Obj. 1). For each procedure identify the steps in the manufacturing cycle in

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Identify work flow procedures. (Obj. 1). For each procedure identify the steps in the manufacturing cycle in which it occurs: procurement, production, warehousing, or selling.

a. Materials are requisitioned and transferred to the factory.

b. An order is sent to a supplier to obtain more raw materials.

c. A customer's order is received and filled.

d. The weekly payroll is recorded.

e. Finished goods are placed in the appropriate storage areas.

f. New employees are interviewed and hired by the personnel department.

g. Finished goods are shipped to the customer.

h. Manufacturing overhead costs are estimated and charged to the product, i. A shipment of raw materials arrives and is unpacked.

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Cost Accounting Principles And Applications

ISBN: 9780028034287

6th Edition

Authors: Horace R. Brock, Linda Herrington

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