The Type and Nature of Work Done by Accountants That

question 44

Multiple Choice

The type and nature of work done by accountants that will be most valued in the future will be:

• A)transaction processing
• B)financial report preparation
• C)functions that cannot be automated or outsourced
• D)auditing

---

Definitions:

Total Manufacturing Costs

The aggregate expenses involved in the manufacture of products, including direct materials, direct labor, and manufacturing overhead.

Work In Process Inventory

Goods partially completed during the manufacturing process; not yet finished products.

Cost of Goods Manufactured

The total production cost of goods completed and transferred out of a manufacturing department during a period.

Manufacturing Costs

Total expenses involved in the production of goods, including labor, materials, and overhead.