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Homework answers / question archive / QUESTION 6 Goods that have been converted into a finished product and are ready for sale are defined as: Operational inventories Finished goods inventories Raw materials inventories Conversion inventories   QUESTION 7 The activity used to allocate overhead hours to the individual jobs is called the: usage driver process costing system allocation base normal costing system

QUESTION 6 Goods that have been converted into a finished product and are ready for sale are defined as: Operational inventories Finished goods inventories Raw materials inventories Conversion inventories   QUESTION 7 The activity used to allocate overhead hours to the individual jobs is called the: usage driver process costing system allocation base normal costing system

Accounting

QUESTION 6

  1. Goods that have been converted into a finished product and are ready for sale are defined as:
  • Operational inventories
  • Finished goods inventories
  • Raw materials inventories
  • Conversion inventories

 

QUESTION 7

  1. The activity used to allocate overhead hours to the individual jobs is called the:
  • usage driver
  • process costing system
  • allocation base
  • normal costing system

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