If You Received Inventory Without a Bill,once the Bill Has

question 23

Multiple Choice

If you received inventory without a bill,once the bill has arrived you could do all of the following,except:

• A)Enter the bill against the inventory already recorded
• B)Enter the inventory and then enter the bill separately
• C)Enter the bill and wait for the inventory to arrive
• D)Enter the inventory and bill at the same time

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Definitions:

Activity Base

A measure used to assign costs to cost objects based on their use of activities, often used in activity-based costing.

Direct Labor Hours

The total hours worked by employees directly involved in manufacturing a product or providing a service.

Machine Hours

A measurement of the amount of time a machine is operated, used in allocating manufacturing costs to products.

Annual Overhead Costs

The total of all expenses that are not directly tied to the production of goods or services within one year.