Question

For a cost flow in a job order costing system, when does work-in-process become finished goods? when materials, labor, and overhead are applied to finished goods when materials are purchased when the manufacturing is completed when the goods are sold Incorrect Question 8 0/0.5 pts The primary product costs for a service business is none of the above is correct direct materials and direct labor all of the above

Answer 1

Queshon @ Ans. When manfacturing a product or Delivering a selvnice Directmaterial and Direct Labow are Included in Part of primary cost. And Incase of overhead costs are allocated To product or serupce Basedon predetermined overhead hate Based on like Direct Labous hours Cor machine hours etc. Hence when manfacturing is completed all above Three costs are included Hence option © is correct Qusetion Nog Direct cost (o) primary costs are Business Expenses that can be directly applied to Producting a specific object, like good or Service Hence premary costs for service Busines will Include direct material and Direct material and other direct expenses Hence option ® is correct Thank you