Plastic Used to Manufacture Dolls Is A A) No Yes Yes Yes
B) Yes No Yes No

question 77

Multiple Choice

Plastic used to manufacture dolls is a $\begin{array}{llcc}\underline{ \text { prime cost } }&\underline{ \text { product cost }}&\underline{ \text { direct cost} }&\underline{ \text {fixed cost }} \\\end{array}$

• A) no yes yes yes
• B) yes no yes no
• C) yes yes no yes
• D) yes yes yes no

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Definitions:

Work in Process Inventory

The value of unfinished goods in the production process at a specific point in time.

Costs Added

Additional expenses incurred during the production or operational process, contributing to the total cost of a product or service.

Process Inventory

Goods in various stages of production within a company, excluding raw materials and finished products.

Process Costing

An accounting methodology used for homogeneous product costing, where costs are accumulated over a period and then allocated to a large number of identical units.