Which of the Following Decreases the Work in Process Account

question 65

Multiple Choice

Which of the following decreases the work in process account?

• A) Transferring raw materials to work in process account.
• B) Transferring cost of goods manufactured from work in process account.
• C) Transferring cost of goods sold from work in process account.
• D) Transferring raw materials from work in process account.

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Definitions:

Capacity

The maximum amount of work that an organization, system, or machine can produce in a given period.

Multiproduct Break-Even

An analysis used to determine the point at which total revenue equals total costs for multiple products, indicating no profit or loss.

Weighted Contribution

A calculation that assigns different weights or importance to various items or activities based on their contribution to the total.

Crossover

In genetics, the exchange of genetic material between chromosomes during meiosis; in other fields, it refers to a point where two or more different categories or entities meet.