Duran Manufacturing uses a process costing system and manufactures its product in three departments. Which of the following is NOT a way in which Duran can use the cost per unit of each process?
A) Duran can look for ways to cut the costs when actual process costs are more than planned process costs.
B) Duran needs to set the selling price to cover the costs of making the product and provide a profit.
C) Duran can only use the cost per unit of each process if all units are fully completed at the end of the accounting period.
D) Duran needs to know the ending balances in the following accounts: Work-In-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold.
C) Duran can only use the cost per unit of each process if all units are fully completed at the end of the accounting period.
You might also like to view...
______ refers to how cautiously we react when meeting new people or being in new environments.
a. Formality b. Familiarity c. Warmth d. Privacy
Controls to monitor results of operations are considered to be transaction controls
a. True b. False Indicate whether the statement is true or false
A zero-sum situation is also known by another name. Which of the following terms means the same thing as "zero-sum"?
A. mutual gains B. integrative C. distributive D. mutual adjustment
Mehreen is the owner/manager of a fudge factory in the popular resort of Lakeside. She is planning to go on vacation for a week and wants to make sure all the employees know that Juanita, the assistant manager, has legitimate power during the week. Lynn should ______ describing her plans.
a. send out a newsletter b. put a notice on the bulletin board in the backroom c. send out a memo, probably over e-mail d. send everyone a letter