Chapter 10 - Manufaturing

Chapter 10 - Manufaturing

University

5 Qs

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Chapter 10 - Manufaturing

Chapter 10 - Manufaturing

Assessment

Quiz

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Manufacturers buy raw materials and sell them to customers/consumers.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These materials become a physical part of a finished product. Their costs can be conveniently and economically traceable to the finished product

Indirect Materials

Raw Materials

Direct Materials

Tangible Materials

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This account gives the costs of the goods that are in the manufacturing process but are not yet complete at the end of accounting period.

Finished Goods Inventory.  

Work in Process Inventory.

Raw Materials Inventory.

Factory Supplies Inventory

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This account holds the costs of direct materials on hand that is intended for use in the manufacturing process..

Finished Goods Inventory.  

Work in Process Inventory.

Raw Materials Inventory.

Factory Supplies Inventory

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the compensation of employees or workers who physically convert raw materials into finished goods

Direct Material

Indirect Material

Direct Labor

Manufacturing Overhead

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