Hugley Corp

question 73

Multiple Choice

Hugley Corp.recently installed three just-in-time work areas in its blank key-making division.The work areas will make large quantities of identical key blanks for door lock manufacturers.Select the best answer for how Hugley should run its business and account for product costs.

• A)Backflush costing
• B)ABC
• C)JIT and ABM
• D)ABC and backflush costing

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Definitions:

Net Income

The amount of earnings left over for a company after all expenses and taxes have been subtracted from revenues.

Original Sale

The initial sale of a product or service from a producer or provider to the first purchaser or consumer.

Stock Repurchase

A company's buyback of its own shares from the marketplace, reducing the amount of outstanding stock and potentially increasing share value.

Financial Analysts

Professionals who evaluate investments, analyze financial data, and assist businesses in making financial decisions and forecasts.