ABC Produces Ping Pong Balls Using a Three-Step Sequential Process

question 168

Multiple Choice

ABC produces ping pong balls using a three-step sequential process that includes molding,coloring and finishing.When the balls and associated costs are transferred from the molding process to the coloring process,which account is credited?

• A)WIP inventory-coloring
• B)WIP inventory-molding
• C)Raw materials inventory
• D)WIP inventory-finishing

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Definitions:

Behavior Pattern

Regularly observed actions or reactions that characterize an individual's or group's consistent responses under certain conditions or stimuli.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., especially in a group or organization.

Global Economy

An interconnected marketplace where goods, services, and capital flow across international borders, influenced by global events and trends.

Lower-Context Cultures

Cultures where communication is explicit, and messages are conveyed mostly through words rather than contextual elements.