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Stella [2.4K]
3 years ago
5

The correct cost flow in a job order costing system is: a. work in process; finished goods, cost of goods sold b. cost of goods

sold, work in process, finished goods c. finished goods, work in process; cost of goods sold d. cost of goods sold, finished goods, work in process
Business
1 answer:
dalvyx [7]3 years ago
5 0

Answer:

A. Work in process; finished goods, cost of goods sold.

Explanation:

Job order costing system is a system for assigning and accumulating manufacturing cost of individual output units. It is used to allocate costs based on specific order. The correct cost flow in job order costing system is:

Manufacturing cost ➞ Work in process Cost ➞ Cost of finished goods ➞ Cost of goods sold.

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I think it’s higher the risk and the lower present value
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The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the account
vova2212 [387]

Answer:

Wholistic Health Services Co.

Income Statement for the year end February 28, 2019

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Less: Supplies Expense                <u>$3,000    </u>

Gross Income                                  $267,900

Less operating Expenses:

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Depreciation Expense    $9,000

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Utilities Expense             $1,760

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Wages Expense              <u>$213,000</u>

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Net Income                                    <u>$29,940  </u>    

Explanation:

Income statement shows the performance of the company in a year. It provides the details of revenue, expenses and profits for the year. All the expenses are deducted from the revenue to determine the net earning of the business.

8 0
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We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of
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Answer:

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For example, in the case of the Germanic tribes that conquered the Western Roman Empire, the rulers adopted, one by one, the religion of the Roman Empire: Christianity, more specifically, the Roman Catholic variant.

They also began to use the language of the Empire: Latin, for ecclessiastical and political matters, and while political institutions did change a lot, some of the political institutions of the Empire did survive in the sucessor states that the Germanic rulers carved out of the Roman territory.

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3 years ago
Snyder Painting is transitioning to an ABC system. So far, the company has traced its costs back to several different activities
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Answer:

Snyder Painting

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