Which of the following is not a duty of the cost accountant in a process cost system?
a. Estimating the stage of completion of in-process units at the end of the month.
b. Collecting the periodic production costs.
c. Preparing the journal entries to record the factory operations.
d. Computing the amount of equivalent units.
a
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Answer the following statement true (T) or false (F)
Which of the following statements about the “living wage” concept is accurate?
a. Living wage calculations are typically limited to food, childcare, and healthcare. b. About half of states have instituted living wage legislation. c. It is typically slightly lower, when calculated, than local minimum wage levels. d. A living wage calculation is specific to geographic region or city.
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Indicate whether the statement is true or false
Automation and standardized procedures are often used to?
a. Increase process variability b. Decrease process variability c. Both increase and decrease process variability d. Neither increase nor decrease process variability