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1. Which of the following is a product cost? a.) CFO salary b.) employee cafeteria in the factory c.) security guard for corporate headquarters d.)
1.
Which of the following is a product cost?
a.) CFO salary
b.) employee cafeteria in the factory
c.) security guard for corporate headquarters
d.) CEO's salary
2.
From your materials inventory, you move $100 of glue to production. The accounting entry would include
a.) a debit to WIP
b.) a debit to materials
c.) a debit to manufacturing overhead
d.) a credit to overhead
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