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Starbucks is building on its loyalty card and rewards program in the United States with a smartphone app that enables customers to pay for purchases electronically.The app displays a bar code that the barista can scan.This is an example of:
Finished Goods Inventory
The direct materials costs, direct labor costs, and factory overhead costs of finished products that have not been sold.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials, labor, and overhead expenses.
Cost of Goods Manufactured
The total cost of all materials, labor, and manufacturing overhead used in producing finished goods over a specific period.
Flexible Budgeting
A budgeting process that adjusts for changes in the volume of activity, rather than remaining static.
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