Which of the Following Accounts Would Appear on a Schedule

question 128

Multiple Choice

Which of the following accounts would appear on a schedule of cost of goods manufactured?

• A)Raw materials,factory insurance expired,indirect labor.
• B)Raw materials,work in process,finished goods.
• C)Direct labor,delivery equipment,and depreciation on factory equipment.
• D)Direct materials,indirect labor,sales salaries.
• E)Direct labor,factory repairs and maintenance,wages payable.

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Definitions:

Supply Curve

A visual diagram that illustrates the connection between a product's price and the amount of the product that sellers are ready and able to offer.

Pure Monopolist

A market structure in which a single firm has complete control over the entire market for a product or service, with no close substitutes.

Marginal Cost

The overhead added by producing an extra unit of a product or service.

Profit-Maximizing

A strategy or approach taken by businesses to adjust their price and output levels to achieve the highest possible profit.