Question
Understand only one can be asked, but I give a thumbs up for answering as many as you can. The cost of good manufactured is
Understand only one can be asked, but I give a thumbs up for answering as many as you can.
The cost of good manufactured is credited to which of the following accounts?
A. cost of goods sold
B. Finished Goods
C. Work in Process
D. Raw Materials.
The cost of goods sold is credited to which of the following accounts?
A. Cost of goods manufactured
B. work in process
C. cost of goods sold
D. Finished goods
An Immaterial amount of under applied overhead is debited to which of the following accounts?
A. manufacturing overhead
B. cost of goods sold
C. work in process
D. finished goods
A material amount of over applied overhead is debited to which of the following accounts?
A. manufacturing overhand
B. work in process
C. finished Goods
D. Cost of goods sold
The reduction of inventories is an objective of:
A. total quality management
B. just in time production
C. activity based costing
D. computer controlled manufacturing systems
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