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Randal embezzled $6000 of his employer's money and then disappeared.The employer's accountant called at Randal's residence and found out that his wife had a $3500 term deposit.When the accountant threatened to have her husband arrested and imprisoned if she did not agree,she assigned the term deposit to the employer to help to defray the loss from the embezzlement.If the wife were later to sue for return of the term deposit,what would be her ground for avoiding the assignment?
Labor Time Tickets
Documents used to record the amount of time an employee spends on various jobs or projects, critical for job costing and payroll.
Work In Process Inventory
Items or goods in the production process but not yet completed; a stage between raw materials and finished goods.
Predetermined Rate
A rate established before the performance or production process begins, often used in costing to estimate or allocate costs.
Manufacturing Overhead
All manufacturing costs that are not directly related to the production of goods, including costs associated with running the factory such as utilities, maintenance, and factory equipment.
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