In some cases, from a practical standpoint, it is impossible to communicate through formal communication channels.
Answer the following statement true (T) or false (F)
True
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Which of the following techniques analyzes all incremental costs associated with acquiring and carrying particular items of inventory?
a. cyclical reordering b. reorder point analysis c. EOQ models d. ABC analysis
Garcia Manufacturing has two processes—Coloring and Mixing. The company assigned $390,000 to the 6000 gallons of paint transferred from Mixing Department to Finished Goods Inventory. The journal entry to record this assignment of cost is ________.
A) debit Work-in-Process Inventory—Mixing, $390,000; credit Finished Goods Inventory, $390,000 B) debit Finished Goods Inventory, $390,000; credit Cost of Goods Sold, $390,000 C) debit Cost of Goods Sold, $390,000; credit Finished Goods Inventory, $390,000 D) debit Finished Goods Inventory, $390,000; credit Work-in-Process Inventory—Mixing, $390,000
A large difference between actual and planned results is feedback that the system is providing adequate control
Indicate whether the statement is true or false
Choose the correct word or words in parentheses. Have you filed your income (taxs, taxes) yet?