Which of the Following Costs Is Not a Cost Added

question 11

Multiple Choice

Which of the following costs is not a cost added to the Work in Process account in a process costing system?

• A)Manufacturing overhead
• B)Direct materials
• C)Direct labor
• D)Cost of goods sold

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Definitions:

Operating Cash Receipts

Operating cash receipts are the cash inflows related to a company's primary business operations, such as cash received from selling products or services.

Cash Payments

Cash payments refer to monetary transactions in which cash is used to settle the amount owed for goods or services.

Current Liabilities

Obligations or debts that a company is expected to pay off within a year, such as accounts payable and short-term loans.

Decreases

A reduction in quantity, size, or the overall level of an economic indicator or financial value.