Author Question: Under backflush costing approach where three trigger points are used (stage A, stage C, and stage ... (Read 105 times)

kodithompson · **on:** Mar 6, 2021

Question 1

Traditional normal and standard costing systems usually use 4 trigger points to record the flow of costs through the production system. Such costing is called ________.
◦ backflush costing
◦ delayed costing
◦ variable tracking
◦ sequential tracking

Question 2

Under backflush costing approach where three trigger points are used (stage A, stage C, and stage D), the purchase of materials is:
◦ credited to the Materials and In-Process Inventory Control account
◦ debited to the Materials and In-Process Inventory Control account
◦ debited to the Materials Inventory Control account
◦ ignored because the manufacturing process moves so quickly from acquisition of materials to the sale of the finished good

lcapri7 · **Reply #1 on:** Mar 6, 2021

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