A: costs incurred during the current period only.
B: costs incurred during the current period plus cost of ending work in process inventory.
C: costs incurred during the current period plus cost of beginning work in process inventory.
D: costs incurred during the current period less cost of beginning work in process inventory.
举一反三
- The cost reconciliation report has two sections: “Costs to be accounted for” followed by “Costs accounted for”. The “Costs accounted for” portion of the cost reconciliation report includes the cost of beginning work in process inventory and the cost of units transferred out.
- Budgeted purchases =beginning inventory + cost of goods sold – desired ending inventory.
- When products are completed, A: Finished Goods Inventory is credited. B: Work in Process Inventory is credited. C: Cost of Goods Sold is debited. D: Work in Process Inventory is debited.
- In a job-order costing system, manufacturing overhead applied is recorded as a debit to: A: Raw Materials inventory. B: Finished Goods inventory. C: Work in Process inventory. D: Cost of Goods Sold.
- 2. Direct costs are A: Costs which can be identified with a cost center but not identified to a single cost unit B: Costs which can be economically identified with a single cost unit C: Costs which can be identified with a single cost unit, but it is not economic to do so D: Costs incurred as a direct result of a particular decision.
内容
- 0
A hotel has 80 rooms which are all occupied in a 30-day period.Each department has incurred costs in the period as follows:DepartmentCost ($)Housekeeping5,500Reception2,750Administration1,470What is the cost per service unit (to two dp)?______
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The quick ratio is measured as: A: current assets divided by current liabilities. B: cash on hand plus current liabilities, divided by current assets. C: current liabilities divided by current assets, plus inventory. D: current assets minus inventory, divided by current liabilities. E: current assets minus inventory minus current liabilities.
- 2
Gross profit for 20X3 can be calculated from: A: Purchases for 20X3, plus inventory at 31 December 20X3, less inventory at 1 January 20X3 B: Purchases for 20X3, less inventory at 31 December 20X3, plus inventory at 1 January 20X3 C: Cost of goods sold during 20X3, plus sales during 20X3 D: Net profit for 20X3, plus expenses for 20X3
- 3
Increasing the lot size or cycle inventory often decreases the cost incurred by different stages of a supply chain.
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中国大学MOOC: Incurred but unpaid expenses that are recorded during the adjusting process with a debit to an expense and a credit to a liability are: