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

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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