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Author Question: Under backflush costing approach where three trigger points are used (stage A, stage C, and stage ... (Read 104 times)

kodithompson

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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


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Marked as best answer by kodithompson on Mar 6, 2021

lcapri7

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kodithompson

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Reply 2 on: Mar 6, 2021
Gracias!


ttt030911

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Reply 3 on: Yesterday
:D TYSM

 

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