The Smallest Proportion of Factory Workers in All Developed Nations

question 33

Multiple Choice

The smallest proportion of factory workers in all developed nations describes:​

• A)​Germany
• B)​England
• C)​United States
• D)​China

---

Definitions:

Beginning Work

The value or quantity of inventory on hand at the start of a accounting period before any production or sales activities have occurred.

Process Inventory

Materials and goods that are currently in various stages of production within a manufacturing system, not yet completed as final products.

Cost Reconciliation Report

A financial report that explains the differences or reconciles the variances between the expected costs and the actual costs incurred.

Weighted-Average Method

A cost accounting technique used to allocate costs to inventory and cost of goods sold, averaging the costs of goods available for sale and assigning them to the units sold and remaining inventory.