Consider the Following Code Snippet

question 45

Multiple Choice

Consider the following code snippet:
Public class Manager extends Employee
{
Private Project[] projects;
Private Address address;
) . .
}
Which of the following statements is NOT correct?

• A) Manager inherits from Employee.
• B) Address aggregates Manager.
• C) Manager aggregates Address.
• D) Manager aggregates Project.

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Definitions:

Process Costing

An accounting methodology used for uniform products, allocating production costs to units of output based on the process they undergo.

Weighted-Average Method

A cost accounting method that calculates the cost per unit of inventory based on the weighted average of the costs of similar items at the beginning of a period and the costs of similar items during the period.

Conversion Costs

The combined costs of direct labor and manufacturing overhead, incurred to convert raw materials into finished goods.

Process Costing

An accounting methodology used for homogenous products, which accumulates production costs and then allocates them to large numbers of identical units.