What is cost of goods manufactured? Describe the flow of this cost through the job order costing system. Your answer should include the accounts involved and whether the flow involves a debit or credit
What will be an ideal response
When a job is completed, the costs are transferred out of Work-in-Process with a credit and transferred into Finished Goods Inventory with a debit. This amount is called Cost of Goods Manufactured.
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Primary data can be collected in several ways. Installing CCTV cameras in a retail store whereby consumers' actions can be recorded is an example of ________ research
A) focus group B) survey C) observational D) behavioral E) experimental
Consider a manufacturer that uses the economic production lot size (ELS) model. What must the relationship be between production rate and demand rate for the producer to realize a maximum inventory that is exactly two-thirds of their lot size?
A) p = 2d B) p = 0.5d C) p = 0.33d D) p = 3d