When determining costs of jobs, how does a company account for indirect materials?
a. It is added to work in process as used.
b. It remains part of raw materials inventory.
c. It is transferred out of raw materials into manufacturing overhead when used.
d. It is transferred out of raw materials into work in process as used.
Answer: c. It is transferred out of raw materials into manufacturing overhead when used.
Business
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The result when each stage in the supply chain makes its own separate forecast is often a match between supply and demand because these forecasts are often very different
Indicate whether the statement is true or false.
Business
Use the information in Table 5.3. Which machine is the bottleneck operation?
A) Machine 1 B) Machine 2 C) Machine 3 D) Machine 4
Business