Which Type of Control Involves Keeping Watch Over Raw Materials,supplies,work-In-Process,and

question 53

Multiple Choice

Which type of control involves keeping watch over raw materials,supplies,work-in-process,and finished goods?

• A)Inventory control
• B)Quality control
• C)Production control
• D)Budgetary control

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Definitions:

Factory Burden

Another term for manufacturing overhead or factory overhead.

Materials Inventory

The cost of materials that have not yet entered into the manufacturing process.

Manufacturing Process

The sequence of operations that transforms raw materials into finished goods, involving tasks such as machining, assembly, and quality control.

Product Costs

The costs that are directly associated with the creation of products including direct labor, direct materials, and manufacturing overhead.