Refer to Figure 4-3 $\begin{array}{lc}\text { Materials and In Frogress } & 40,000 \\\quad \text { Accounts Payable } && 40,000 \\\end{array}$

question 24

Essay

Refer to Figure 4-3. Which of the following would NOT be an entry under the backflush system, assuming the second trigger point is the completion of goods?
A)
$\begin{array}{lc}\text { Materials and In Frogress } & 40,000 \\\quad \text { Accounts Payable } && 40,000 \\\end{array}$

B)
$\begin{array}{lc}\text { Work in Process } & 40,000 \\\quad \text { Materials } && 40,000 \\\end{array}$

C)
$\begin{array}{lc}\text { Conversion Cost Control } & 46,000 \\\quad \text { Payroll } &&6,000 \\\quad \text { Accounts Payable } &&40,000 \\\end{array}$

D)
$\begin{array}{lc}\text { Cost of Goods Sold } & 82,000 \\\text { Finished Goods } && 82,000 \end{array}$

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Definitions:

Managers

Individuals responsible for planning, organizing, leading, and controlling the activities of an organization to achieve business goals.

Planning Process

A series of steps taken to achieve a specific goal, typically involving setting objectives, developing strategies, and outlining tasks and schedules.

Situation Analysis

An assessment of an organization's current situation, identifying its strengths, weaknesses, opportunities, and threats to inform strategic planning.

Competitive Advantages

Refers to the attributes that allow a company to produce goods or services better or more cheaply than its rivals, thus providing a superior value to the customer and a benefit over competitors.