A company that makes use of more than one <span>transport mode will locate near break-of-bulk points. A break-of-bulk point is a location or place where products are moved from one mode of transport to another place. One good example is the docks where goods </span>transfer<span> from ship to truck.</span><span> </span>
The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours
<h3>What is
manufacturing?</h3>
Manufacturing is the process of creating or producing goods using equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the economy's secondary sector.
The Manufacturing Principles are a set of elements shared by all manufacturing industries that revolve around the concepts of flow and variation. These principles have emerged as a result of close collaboration with the manufacturing industries at both the research and operational levels.
API production entails a wide range of complex chemical or biological processes. API synthesis from raw materials necessitates multi-step procedures involving a variety of high-tech processing technologies.
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Answer: The purchase of raw materials on account in a process costing system is recorded with a "C. Debit to Raw Materials Inventory and a credit to Accounts Payable.".
Explanation: The purchase of raw materials must reflect an increase in the inventory of raw materials and an increase in the liability generated by the purchase on account.
Answer: An ethical decision is one that engenders trust, and thus indicates responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. Ethical decision-making requires a review of different options, eliminating those with an unethical standpoint, and then choosing the best ethical alternative.
