How Often Are Postings to Subsidiary Accounts in a Costing

question 69

Multiple Choice

How often are postings to subsidiary accounts in a costing system made?

• A)at the end of every accounting period
• B)monthly
• C)daily
• D)weekly

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Definitions:

Order Replenishment Systems

Automated processes or systems used to manage inventory levels and reorder products or materials as needed.

Inventory Management Systems

Technologies and strategies used to monitor and manage the stock of goods in a business to optimize inventory levels and reduce costs.

Quick Response Systems

Technologies or strategies used by businesses to rapidly respond to customer demands, often aimed at improving service quality and operational efficiency.

Order Cycle Time

The total time taken from the moment a customer places an order to the delivery of the product or service to the customer.