_________ are those acquired from outside sources where the terms of acquisition do not require any long-term commitments.

As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in

Finding a strong statistical association between an activity cost and an activity driver can provide evidence to managers about the correctness of a driver selection.

Activity-based use of resources can improve both managerial control and decision making because it encourages managers to pay more attention to controlling resource usage and spending.

Coyote Company had the following selected account balances at the end of 2018:   Work in Process $120,000 Finished Goods 150,000 Cost of Goods Sold 180,000 Factory Overhead (overapplied) 63,000 Required:   a. Prepare the journal entry to dispose of the factory overhead balance assuming it is written off to Cost of Goods Sold. b. Prepare the journal entry to dispose of the factory overhead balance assuming it is allocated among Work in Process, Finished Goods, and Cost of Goods Sold based on ending balances. c. Which method of disposing of under- or overapplied factory overhead cost is more accurate? Explain.

Determining the dollar amounts of direct materials, direct labor, and overhead used in production involves:

A source document

Costs that are expensed in the period in which they are incurred are called:

Activity-based costing assigns cost to cost objects by first tracing costs to

The annual expenses associated with the multi-period category is independent of actual usage of the resource and are referred to as: