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Author Question: Companies that utilize backflush costing typically prorate underallocated or overallocated ... (Read 96 times)

Bernana

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Question 1

Companies that have low manufacturing lead time usually find that a version of backflush costing will report cost numbers totally different to what a sequential costing approach would report.
◦ true
◦ false

Question 2

Companies that utilize backflush costing typically prorate underallocated or overallocated conversion costs between work-in-process, finished goods, and cost of goods sold.
◦ true
◦ false


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Marked as best answer by Bernana on Mar 6, 2021

Harbringer

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Bernana

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


6ana001

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Reply 3 on: Yesterday
:D TYSM

 

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