Fun Stuff Manufacturing Produces Frisbees Using a Three-Step Process That

question 88

Multiple Choice

Fun Stuff Manufacturing produces frisbees using a three-step process that includes molding,coloring and finishing.Which of the following accounts is credited when material requests are filled?

• A)Finished Goods Inventory
• B)WIP Inventory-Finishing
• C)Raw Materials Inventory
• D)Manufacturing Overhead

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Definitions:

Annual Salary

The total amount of money earned by an employee in a year, not including bonuses or other extra payments.

Direct Deposit

Payroll or other types of checks that are directly and electronically deposited into a bank account.

Gross Pay

The total amount of an employee's earnings before any deductions are made, such as taxes and retirement contributions.

Biweekly Paycheck

A payroll schedule where employees receive wages every two weeks, resulting in 26 paychecks per year.