Describe the cost accumulation process in a traditional manufacturing environment versus a just-in-time (JIT) environment
In a traditional manufacturing environment, when raw materials are received, their cost is recorded in the raw materials account until they are needed for production. When raw materials are needed for production, their costs are moved from the raw materials account to the work in process account to be added to direct labor and overhead costs. Once production is complete, all product costs related to the completed units are transferred from work in process to the finished goods account until the units are sold. When sold, associated costs are transferred to cost of goods sold. In a just-in-time environment, very little, if any, inventories are maintained. As raw materials, direct labor, and overhead costs are incurred for a specific job, the costs are often put directly into the cost of goods sold account. The cost accumulation process in a just-in-time environment is called backflush costing.
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A) failure to provide value-priced products for online customers B) protecting the privacy of knowing and unknowing customers C) providing too many alternative products online which confuses customers D) rarely following the marketing orientation when devising promotional offers online E) failing to reach their target customers through online marketing
A company's marketing should be guided by the sustainable marketing principle of ________ marketing
A) direct B) viral C) buzz D) value E) innovative
When in doubt on the format for a reference you have cited, good advice is to provide more information rather than less
Indicate whether the statement is true or false
A business borrows cash by signing a note payable. Which of the following accounts is debited?
A) Notes Payable B) Accounts Payable C) Notes Receivable D) Cash