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PLEASE HELP! Question 1 2.7 pts Manufacturing firms account for indirect manufacturing costs in which inventory account? Manufacturing Overhead (MOH) Cost of Goods Sold (COGS)
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Question 1 2.7 pts Manufacturing firms account for indirect manufacturing costs in which inventory account? Manufacturing Overhead (MOH) Cost of Goods Sold (COGS) Cost of Goods Manufactured (COGM) Direct Material Question 2 2.7 pts You are a manager of a large firm, and your bonus depends on achieving a positive variance between the budgeted costs and the actual costs. The static budget for the year estimated the year's costs to be $80,000. The actual costs for the year were $72,00?. Given the figures above, you would expect to receive a bonus if: Under none of the provided scenarios would you expect to receive a bonus. Actual production equaled budgeted production, and costs are variable. Actual production was 90% of the budgeted production, and costs are variable Actual production was 80% of the budgeted production, and costs are variable. O The cost is a discretionary fixed cost and was not under the plant manager's control. D Question 3 2.7 pts What is the term for the products transferred out of Finished Goods, regardless of whether they were started before or during the current accounting period? Cost of Goods Sold (COGS) Work in Process (WIP) Finished Goods Depletion (FGD) O Cost of Goods Manufactured (COGM) Step by Step Solution
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