Answer the Following Question(s)using the Information Below

question 84

Multiple Choice

Answer the following question(s) using the information below:
Complete Microfilm Products manufactures microfilm cameras.For October there were no beginning inventories of direct materials, and no beginning or ending work-in-process.Only one indirect manufacturing cost category is currently in use, "Conversion Costs." Journal entries are recorded when materials are purchased and when units are sold using backflush costing.
-A backflush costing system that journalizes only when raw materials are purchased and when finished goods are sold, will have which of the following results?

• A)It will encourage managers to produce safety stock.
• B)Conversion costs become period costs.
• C)Income is increased if managers produce more output than is sold.
• D)increased inventoriable costs
• E)Produce more safety stock, and conversion costs become period costs.

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Definitions:

Stratified Random

This refers to a sampling method where the population is divided into subgroups (strata) that share similar characteristics, and a random sample is then drawn from each stratum.

Achievement Tests

Standardized tests designed to assess how much knowledge and skills a person has acquired in a specified area.

Haphazard Sampling

A non-systematic sampling method where items or individuals are selected randomly in an unplanned way, without any specific pattern.

Simple Random

A sampling method in which every member of a population has an equal chance of being selected for the sample.