Current Aftempt in Progress

You are a second year esternal audit associate at a regional public accounting firm whoue audit beam focuses on mandacturing clients. You have been asked to be a peer coach to your beam's newest frut year hire, which means you will need to provide mentaring, anceer colfee coaching session and ask if they have any immediate questions. You find out that your mentee is concerned they mon't understand terminology at the client and is feeling overwhelmed.

Help your mentee acclimate to the manufacburing$-$specific berms your audit team frequently encounters by sulfecting a short explu sation ef each ef the followlyg production terms:

herm

Joborder costing

Activity$-$baned conting

Direct materials

Conventional cont scrounting.

Indirect materials

Period costs

Product conta

Meaning

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