Which of the Following Is NOT an Internal User

question 54

Multiple Choice

Which of the following is NOT an internal user?

• A)corporate officers
• B)staff employees
• C)stockholders
• D)department manager

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to units of production in processes where the units are not yet complete, converting them into the amount of finished goods units.

Assembly Department

A section within a manufacturing process where components are joined together to form a finished product.

FIFO Method

An inventory valuation method standing for "First In, First Out," assuming that the first items purchased or produced are the first ones sold.

Equivalent Units

A term used in cost accounting to represent a quantity of production expressed in terms of fully completed units, used in calculating the cost per unit during a period.