Schedule of Activity Costs ​

question 10

Multiple Choice

Schedule of Activity Costs ​
-Which of the following is not an external failure cost?

• A)warranty work
• B)processing returned merchandise
• C)rework
• D)correcting invoice errors

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Definitions:

Ending Raw Materials

is the value of all raw materials that remain unused at the end of an accounting period, which will be used in future production processes.

Budgeted Materials Purchases

The projected amount of materials to be bought for production as planned within a budget period.

April 1 Inventory

The inventory on hand at the beginning of the company's fiscal quarter or year, typically recorded on the first day of April.

Ending Raw Materials

The value of raw materials inventory available at the end of an accounting period.