You Recently Started Working from Home and Have Your First

question 31

Multiple Choice

You recently started working from home and have your first video conference today.As you look around your home office area,what are things about the environment to consider prior to the call?

• A) Is the camera angled to see my face?
• B) Is the dog in his crate and not able to be seen by the camera?
• C) Is the area neat and clean?
• D) Is the lighting appropriate?

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Definitions:

Conversion Costs

The combined costs of direct labor and manufacturing overheads that are incurred in transforming materials into finished goods.

Weighted-Average Method

A costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale during a period.

Process Costing

A costing method used in production where costs are assigned to processes and then averaged over all units produced.

Job-Order Costing

An accounting method that assigns costs to specific jobs or batches, used in industries where goods or services are produced on a custom basis.