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:

Downstream Costs

Expenses incurred after the manufacturing process, such as distribution and marketing.

Work in Process Inventory

Items or goods that are partially completed in the production process but are not yet finished products.

Manufacturing Costs

The expenses involved in producing goods, including labor, materials, and overhead.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including direct materials, direct labor, and manufacturing overhead.