Based on the Matching Principle,all Product Cost Flow Through

question 45

Multiple Choice

Based on the matching principle,all product cost flow through

• A)Raw Material Inventory,Work in Process Inventory and Finished Goods until the goods are sold.
• B)Raw Material Inventory,Work in Process Inventory and Manufacturing Overhead until the goods are sold.
• C)Raw Material Inventory,Direct Materials and Conversion,and Work in Process.
• D)Raw Material Inventory,Conversion,and Finished Goods until the goods are sold.

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Definitions:

Frictional Unemployment

Short-term unemployment that arises from the process of matching workers with jobs and occurs even in healthy economies.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product much more efficiently than with individual craftsmanship.

Cyclically Unemployed

Individuals who are unemployed due to the downturn in the business cycle, such as during a recession.

Structurally Unemployed

Individuals who are unemployed due to a mismatch between their skills and the requirements of the current job market, often because of technological changes or shifts in the economy.