For external reporting purposes, what costs are included in inventory? -direct materials, direct labour, variable manufacturing overhead,

Fantastic news! We've Found the answer you've been seeking!

Question:

For external reporting purposes, what costs are included in inventory?

-direct materials, direct labour, variable manufacturing overhead, fixed manufacturing overheard

- direct materials, direct labour, and variable overhead

-direct materials, direct labour, variable overhead and a share of fixed overheard

-direct materials, direct labour, and indirect labour, and a share of fixed overheard

Related Book For answer-question

Managerial Accounting

ISBN: 978-0470578797

4th edition

Authors: James Jiambalvo

See More Books

Posted Date: Mar 15, 2024 01:24 AM

See More Questions

Wild Bird Feeders produces deluxe bird feeders for distribution to catalogue companies and wild bird stores. The company uses an absorption costing system for internal reporting purposes but is...
Scenario You are a consultant at one of the Big 4 consulting firms. You have been recently assigned your first new client and you need to provide them services to help secure their network. A short...
Bofors AB is a Swedish company that incurs the following costs to produce and sell a single product. During the last year, 30,000 units were produced and 25,000 units were sold. The Finished Goods...
1.1. Define a want and a need, and give an example of each. Then, explain how the relationship between wants and needs affects the way people spend money. (4 points) 2.. Identify and describe an...
Using data in Exercise 9-9, assume that the allowance for doubtful accounts for Waddell Industries has a credit balance of $6,350 before adjustment on August 31. Journalize the adjusting entry for...
What are the differences between a regenerative and a net-change MRP system?
Owing in part to unprecedented controversy, the Financial Accounting Standards Board deliberated over ten years about the accounting for postretirement obligations other than pensions. The...
The controller of Dousmann Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Instructions (a) Determine the fixed- and...
what is a tactical process map and how does it relate to a Value Stream Map?
Calculate the Inventory balance in 1998 and 1999? What is firm's Net Income in 1998 and 1999? What is the Quick and Current ratio in 1998 and 1999? What is the ROE and EPS in 1998 and 1999? |
Decide whether the FVT is applicable, and if so, find $x_{s s}$. $X(s)=\frac{4 s^{2}+1}{s\left(4 s^{2}+4 s+2 ight)}$
Perform the operations and express the result in rectangular form. $\frac{\left(1-\frac{2}{3} j ight)^{4}}{\left(\frac{2}{3}+j ight)^{3}}$
Consider the system \[\left\{\begin{array}{l}\dot{x}_{1} \\\dot{x}_{2}\end{array} ight\}=\left[\begin{array}{cc}0 & 1 \\0 & -1\end{array} ight]\left\{\begin{array}{l}x_{1} \\x_{2}\end{array}...
Let $X=\left(X_{t} ight)_{t \geqslant 0}$ be a one-dimensional process satisfying (B0), (B1), (B2). Assume, in addition, that $X$ is continuous in probability, i.e. \(\lim _{t ightarrow 0}...
A 2-nom sch 40S stainless steel pipe (k = 16.5 W/m-K) is being used in a heat exchanger application. The pipe is 1-m long. The convective heat transfer coefficients on the inside and outside of the...
As the winter passes, the Earth spins as usual around the Sun. On a cold February night just past midnight, a lone astronomer spots an unusual object in the starlit sky. Near the far end of the...
For all of the following words, if you move the first letter to the end of the word, and then spell the result backwards, you will get the original word: banana dresser grammar potato revive uneven...
At the end of 2011, Cyril Fedako, CFO for Fedako Products, received a report comparing budgeted and actual production costs for the companys plant in Forest Lake, Minnesota: His first thought was...
Sarah Jones, the manager of the Teen division of Eve Clothing Company, was evaluating the acquisition of a new embroidery machine. The budgeted operating income of the Teen division was $4,000,000...
Auburn Banking and Loan Company has a graphic design department that designs loan forms and other documents used by the companys two subsidiaries, Auburn Personal Banking and Auburn Business Banking....
True or False. Coulomb damping can be called constant damping.
True or False. For an undamped system, the velocity leads the acceleration by $\pi / 2$.
True or False. The motion diminishes to zero in both underdamped and overdamped cases.

For external reporting purposes, what costs are included in inventory? -direct materials, direct labour, variable manufacturing overhead,

Question:

Expert Answer:

Answer For external reporting purposes the costs include... View the full answer

Managerial Accounting

Students also viewed these general management questions