Identify a True Statement About the Lowell System

question 60

Multiple Choice

Identify a true statement about the Lowell System.

• A)It was a sales-and-distribution model for large machinery.
• B)It was a production model for manufacturing locomotives.
• C)It developed out of the need for cheap labor.
• D)It failed to bring all stages of textile production under one roof.
• E)It featured mainly elderly women with no families.

---

Definitions:

Manufacturing Overhead

All indirect factory-related costs incurred while producing a product, excluding direct materials and direct labor.

Work in Process

Inventory that includes the materials, labor, and overhead costs for products that are in the production process but not yet completed.

Journal Entries

Records in accounting that document financial transactions in the books of accounts.

Raw Materials

Raw materials are the basic substances or components used in the manufacturing process to produce finished goods.