A Company Which Is in the Business of Reselling Tangible

question 86

Multiple Choice

A company which is in the business of reselling tangible products purchased from suppliers to final users is what type of company?

• A) Manufacturing
• B) Service company
• C) Retailer
• D) Wholesaler

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, expressed in terms of fully completed units.

Equivalent Units

A concept used in cost accounting to denote the amount of completed units that could have been produced given the total amount of direct materials and labor consumed.

Materials Requisitions

Documents or requests used within a company to authorize the retrieval or usage of materials from inventory for production purposes.