The accumulating, tracking, and assigning of production costs to the goods and services produced is called a:
A) pricing system.
B) managerial system.
C) product costing system.
D) manufacturing system.
C
You might also like to view...
Which of the following is TRUE of brokers?
A) Brokers represent buyers or sellers on a permanent basis. B) Most brokers are hired by sellers and work for a salary. C) Brokers bring buyers and sellers together and assist in negotiation. D) Selling brokers have contractual authority to sell a manufacturer's entire output. E) Brokers assume title and risk from the time an order is accepted to its delivery.
When the auditor is not independent with respect to a client, what must the auditor do?
a. Not accept an audit engagement. b. Include a separate paragraph in the audit report stating the lack of independence. c. Provide a review report. d. Report the non-compliance to the AICPA.
Which of the following is considered a common security threat?
a. human error b. damage by employees c. hackers d. all of these
Energy Resources, Inc, operates an oil refinery near Forest River, which flows into Grove Lake. Discharging oil from the refinery into the river can result in
a. penalties and damages. b. penalties only. c. damages only. d. no penalties or damages.