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Critical Thinking Questions Case 1-1
Your company recently upgraded to Microsoft Office 2016. Your supervisor has asked you to explain some of the new features in Microsoft Word. You start out with a blank Word document window.
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Your supervisor wants to know how to determine the current page in a document. Where do you tell him to look?
Equivalent Units
A method used in process costing that converts partially completed goods into a number of completed units of output.
Assembly Department
An area in a manufacturing plant where parts are put together to create finished goods.
Conversion Costs
These are the costs required to convert raw materials into finished products, comprising labor and overhead expenses.
Materials Costs
Expenses incurred for materials that are directly associated with manufacturing a product.
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