These costs called as Transferred costs.
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Explanation:</u></h3>
The costs that are accumulated during the time of upstream production process in a firm refers to Transferred costs. These are associated with the goods that are transferred to the next department of a business from one department. With this product there will be a continuation of the production process.
These are semi finished goods that are transferred for the purpose of continuing the production process. When these units are moved form the processing department to the next department, these transferred cost will be transferred from one work in process account to the next account.
Productive resources are factors that are used to make goods and services
When supplies of goods and service are plentiful, the prices usually drop but when they are scarce, prices start rising.
<span><span>He already plans to spend $50 to buy towels and since both sets of towels cost less than $50 he decided to go with the better quality yet more expensive set of towels.</span>
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