Which source document provides information for the journal entry to transfer costs from the Work in Process Inventory account to the Finished Goods Inventory account?
A. Materials requisition
B. Job cost sheet
C. Standard cost card
D. Work ticket
Answer: B
You might also like to view...
What are some typical strategies for empowering employees?
What will be an ideal response?
Approach techniques can be grouped into three general categories. These three categories are:
A. Compliment, referral and participative B. Question, compliment and benefit C. Probe, parry and thrust D. Statement, demonstration and question E. Participative, standard and benefit
Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Customer ServedActual Total for OctoberRevenue $4,100$182,900Employee salaries and wages$42,300 $1,300$98,800Travel expenses $700$30,500Other expenses$31,500 $31,900?When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October.?The spending variance for total expenses for October would have been closest to:
A. $600 F B. $600 U C. $9,400 U D. $9,400 F
During the testing and validation process, ______.
a. market research for the product is gathered b. the production process is validated c. product design is initiated d. raw materials for the product are evaluated