A Schedule That Is Used to Ensure Accuracy in Computing

question 90

Multiple Choice

A schedule that is used to ensure accuracy in computing product costs is (are)

• A)the schedule of the cost of goods manufactured.
• B)the schedule of the cost of goods sold.
• C)the schedules of the cost of goods manufactured and cost of goods sold.
• D)the schedule of raw materials used.
• E)none of the schedules listed here.

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Definitions:

Supply Chain Management

The management of goods, data, and money as they travel from the supplier to the manufacturer, then to the wholesaler, retailer, and finally to the consumer.

Supply and Demand

Economic principles that describe the relationship between the availability of a good and the desire for that good, affecting its price.

Component Firms

Companies that supply parts or services to other businesses in the production process.

End Customer

The final consumer of a product or service who does not intend to resell it; the ultimate user in the distribution chain.