Costs move from work-in-process to finished goods occurs


1. All of the following items can influence the schedule for production of goods except which one?
a. Time constraints
b. Batch size
c. Specifications in the route sheet and bill of material
d. All of the above can influence the production schedule

2. Costs move from Work-in-process to Finished Goods occurs with the first move ticket. True or False

3. During which phase the batch processing conversion cycle do you record the cost of what is work in process and what was completed and moved to finished goods?
a. Plan and control production
b. Maintain inventory control
c. Perform cost accounting
d. Perform production operations.

4. During which phase pf the batch processing conversion cycle do you determine what you have to make, how much material you need and the schedule of production?
a. Perform cost accounting
b. Perform production operations
c. Plan and cost production
d. Maintain inventory control

5. Match the documents with their correct descriptions ( 1. Bill of Material ; 2. Materials requisition ; 3. Move ticket ; 4. Route ticket
a. Shows the production path that a particular batch follows during manufacturing
b. Specifies the type and quantity of raw materials and subassemblies used for each until of a finished product.
c. Authorizes the storekeeper to release materials into the production process
d. Records work done in each work center and authorizes movement from one center to another.

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Accounting Basics: Costs move from work-in-process to finished goods occurs
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