Which of the Following Manufacturing Costs Is Assigned to Products

question 44

Multiple Choice

Which of the following manufacturing costs is assigned to products in a JIT environment using allocation?

• A)cafeteria services
• B)equipment depreciation
• C)insurance and taxes
• D)operating supplies

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Definitions:

Federal Income Tax

A tax levied by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Withholding Allowance

A claim made by an employee on a W-4 form to reduce the amount of tax withheld from their paycheck.

Federal Income Tax

An annual financial obligation collected by the IRS from individuals, corporations, trusts, and other legal organizations.

Gross Earnings

The total income earned by an individual or a business before any deductions or taxes are taken out.