Indicate whether the accounts below are used in the cost flow for a manufacturer, a service provider, or both. Cost of Services   Cost of Goods Sold   Factory Overhead   Finished Goods   Materials   Overhead   Supplies   Wages Payable   Work in Process

Question: The question is in the diagram below: Which one of the following is used by the production department supervisor to request the materials for production? Select one: O a. Material requisition. O b. Purchase order. O c. Bill of materials. O d. Job cost record. As goods are sold, the cost of the goods is transferred from: Select one: O a. finished goods to cost of goods sold O b. work in process to cost of goods sold O c. overhead to finished goods O d. work in process to finished goods

QUESTION 5 Indicate whether each of the following costs incurred by a manufacturer would be considered a Product Cost or a Period Cost. If the cost is identified as a Product Cost, indicate whether it would be considered Direct Material, Direct Labor, or Manufacutring Overhead (MOH). The salary of the accounting manager A. Product - Direct Labor The wages of the assembly workers assembling tables B. Period The production supervisor's salary C. Product - Direct Materials D. Product - MOH

Which of the following are the two main types of cost accounting systems for manufacturing operations? Oa. a. job order cost and process cost systems Ob. process cost and general accounting systems Oc. process cost and replacement cost systems Od. job order and general accounting systems

Explain manufacturing activities and the flow of manufacturing costs

: Use T-accounts to show the flow of costs in g system Which accounts are the inventory accounts? (check all that apply) Direct Labor Raw Materials Work in Process Partially Finished Goods Finished Goods Cost of Goods Sold SUBMIT

Question1. What is the process costing income statement? Provide a hypothetical example of a process costing income statement in a manufacturing enterprise.

Describe and illustrate a job order cost accounting system for a manufacturing business.

In Process Costing, before you can calculate the cost to produce a product.      you must determine what the:  A) units that we a company produces during an accounting period. B) units that have been finished and placed in finished goods inventory. C) a method that assigns all cost to produce a product to a job during the accounting period. D) equivalent units of production.

In a job order cost system, indirect labor incurred is debited to which account?A. work in process inventoryB. finished goods inventoryC. manufacturing overheadD. cost of goods sold