Which One of the Following Is the Same Amount as Cost

question 2

Multiple Choice

Which one of the following is the same amount as cost of goods manufactured on the cost of goods manufactured schedule?

• A)the amount transferred from Work in Process Inventory to Finished Goods during the period
• B)the total of direct material, direct labour, and manufacturing overhead which are added to Work in Process during the year
• C)the amount transferred out of Finished Goods Inventory during the year
• D)the total added to the Work in Process Inventory during the year

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Definitions:

Objective Tests

Tests that measure an individual's performance against a standard set of criteria or answers, minimizing subjective judgment.

Double-blind Tests

Experimental procedures in which neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias.

Single-blind Tests

Experimental designs in which the participants do not know which treatment or intervention they are receiving, but the experimenters do.

Hypothesis

A statement that attempts to predict or to account for a set of phenomena; scientific hypotheses specify relationships among events or variables and are empirically tested.