View Homework Help - homework 2.docx from MARKETING 1234 at College of Business & IT Batkhela, Malakand Agency. Which of the following types of companies This preview shows page 1 - 3 out of 4 pages. Which of the following types of companies would have work in process inventory?This company is practicing which of the following principle. Which of the following management thinker created a role classification system based on how managers spend their time at work to describe a manager's role? Which of the following is the final step in the decision-making process?Bosril Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department The following costs were incurred in the first processing department during the month: Materials costs $93,900. Conversion costs $100,253.Work-in-process inventory is made up of three jobs with the following costs: During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $29,000.Work-in-process inventory consists of all inventory items that have begun but not completed At any given time, a portion of the inventory in a manufacturing operation is in the process of being transformed from raw materials or components into finished goods.
MGT503 Principles of Management Solved MCQs From Quiz # 4
Inventory carrying cost is that cost which is incurred by company to stock the inventory while cost for not having inventory means that cost which To open your use inventory, click "i" and if clicking i doesn't work, then that means you changed it, and you will have to click the bag looking icon at the...Types of Inventory. Inventory is generally categorized as raw materials, work-in-progress, and Work-in-progress inventory is the partially finished goods waiting for completion and resale What is inventory? Inventory refers to a company's goods and products that are ready to sell, along with the...Raw materials, work in process and finished goods are the three types of inventory held by which of the following types of companies? Which of the following items would NOT be found in raw materials inventory for a furniture manufacturer?The concept of inventory, stock or work in process (or work in progress) has been extended from manufacturing systems to service businesses [1][2][3] and projects This would include the monitoring of material moved into and out of stockroom locations and the reconciling of the inventory balances.
How many units are in ending work in process inventory in the first...
Direct materials inventory. Work-in-process inventory Finished goods inventory. The following information concerns its work in process: Beginning inventory, 12,000 partially complete gallons. 19. One of the primary differences between job costing for service and manufacturing companies is...Direct materials are introduced at the beginning of the process. mishrasatyam2006 mishrasatyam2006. Answer: Milton & Company had 5,000 units of the work-in-process inventory . A retail trades has not kept proper books of account from the following particulars ascertain the profit...The following budgeted information has been obtained for the period ending 31 December 20X8 Although present inventories together with orders already plannedwill be sufficient to facilitate normal activity Work-in-progress and finished goods inventories may be assumed to be the same at the...Which of the following is an example of a free online database that a company could access in order to develop marketing intelligence? Which type of research would be best suited for identifying which demographic groups prefer diet soft drinks and why they have this preference?2. Company Y has the following inventory data (c) Cain Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost of $4 A. Merchandise Inventory B. Work in process C. FOB shipping point D. FOB destination E. Specific identification method.
1.
Which of the following are merchandising companies?
A. 
Manufactures
B. 
C. 
Wholesalers
D. 
Both Retailers and Wholesalers
2.
Raw fabrics, work in process and finished items are the 3 types of inventory held by means of which of the following types of companies?
A. 
Manufacturing
B. 
C. 
Wholesalers
D. 
Service Companies
3.
The stability sheet of a carrier company has:
A. 
Little of no inventory
B. 
Raw fabrics inventory
C. 
Three classes of inventory
D. 
Two classes of inventory
4.
Which types of corporate normally produces it is personal inventory?
A. 
Manufacturer
B. 
Service corporate
C. 
D. 
Wholesaler
5.
What kind of corporate resells products it up to now purchased ready-made from suppliers?
A. 
Merchandise
B. 
C. 
Wholesaler
D. 
All of the above
6.
Before these fabrics are used to fabricate its vehicles, Honda classifies metal, glass, and plastic as:
A. 
Finished goods inventory
B. 
Raw fabrics inventory
C. 
Work in process inventory
D. 
Merchandise inventory
7.
Wal-Mart classifies its clothing held on the market as:
A. 
Finished items inventory
B. 
Raw materials inventory
C. 
Work in process inventory
D. 
Merchandise inventory
8.
A. 
Finished items
B. 
Raw fabrics
C. 
D. 
Work in process
9.
Intel Corporation makes pc chips. Intel Corporation would be classified as a:
A. 
Manufacturing corporate
B. 
Merchandising corporate
C. 
Service company
D. 
Simple company
10.
In ______________, inventory consists of freight-in and the price of the product which is to be resold.
A. 
A service corporate
B. 
A vending corporate
C. 
A producing corporate
D. 
All of these companies
11.
Which of the following items would NOT be discovered in raw fabrics inventory for a furnishings producer?
A. 
B. 
C. 
Assembly worker wages
D. 
Steel framing
12.
Which of the following prices might be found in work in process inventory for an ice cream manufacturer?
A. 
Utilities for administrative workplaces
B. 
Assembly employee wages
C. 
Depreciation of sales workplace
D. 
Customer order bureaucracy
13.
An organization choice as to the place to locate a new retailer would be considered?
A. 
Customer provider
B. 
C. 
Production
D. 
Research and construction
14.
Delivery bills are are charged to which of the following areas?
A. 
Customer provider
B. 
Distribution
C. 
Production or purchases
D. 
15.
A product improve scorching line would be considered:
A. 
Customer provider
B. 
Distribution
C. 
Production or purchases
D. 
16.
Indirect costs incurred in manufacturing autos include all of the following EXCEPT:
A. 
Cost of the engines
B. 
Machinery depreciation in the manufacturing unit
C. 
Plant utilities
D. 
Plant manager salary
17.
Prime costs consist of:
A. 
Direct hard work and manufacturing overhead.
B. 
Direct fabrics and direct hard work
C. 
Direct fabrics and production overhead
D. 
Direct fabrics, direct exertions and manufacturing overhead
18.
Conversion costs consist of:
A. 
Direct hard work and manufacturing overhead
B. 
Direct fabrics and direct labor
C. 
Direct materials and manufacturing overhead
D. 
Direct materials, direct exertions and manufacturing overhead
19.
Which of the following is an instance of direct exertions?
A. 
Salary of a production supervisor
B. 
Salary of the vice-president of operations
C. 
Wages of meeting line workforce
D. 
Wages of manufacturing unit safety
20.
Which of the following are classifed as production overhead?
A. 
Direct fabrics and direct labor
B. 
Indirect hard work and indirect fabrics
C. 
All materials
D. 
Factory hire and direct hard work
21.
Manufacturers believe selling and administrative costs to be:
A. 
Prime prices
B. 
Conversion prices
C. 
Inventoriable prices
D. 
Period costs
22.
Period costs are:
A. 
Always considered section of the inventory
B. 
Always recorded as an expense
C. 
Expensed only when the inventory is sold
D. 
None of the above
23.
Where would length prices be found on the financial statements?
A. 
Under present property on the steadiness sheet
B. 
Under present liabilities on the steadiness sheet
C. 
As running expenses on the source of revenue observation for the earlier period
D. 
As operating expenses on the source of revenue remark in the length incurred
24.
When manufacturing merchandise, direct labor and direct materials are categorized as:
A. 
Period costs and expensed when incurred
B. 
Period prices and expensed when the goods are offered
C. 
Product costs and expensed when incurred
D. 
Product costs and expensed when the items are offered
25.
Certain fabrics used in a producing plant cannot be traced to a particular unit. These materials are referred to as _________ materials.
A. 
B. 
C. 
D. 
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