For the receiving department of a process-costing manufacturer, transferred-in goods are materials that are added at the end of the process.

In a job-order costing system, direct labor costs assigned to a job are different than the costs assigned to work-in-process inventory.

In operation costing, job-order procedures are used to assign direct materials costs and process procedures are used to assign conversion costs.

A predetermined overhead rate is calculated using which of the following formulas?

Cost accumulation refers to the:

Andover, Inc., has two producing departments. Each producing department is held responsible for a share of the costs of a support department. Actual and budgeted data are as follows:   Support department hours used:       Department X 12,000     Department Y  4,000         Total hours 16,000     Support department costs:       Actual support department costs $48,000     Budgeted fixed department costs $20,000     Budgeted variable rate per hour $    2.50 ​ Normal support department usage is 8,000 hours each for Department X and Department Y. Assuming the direct method is used and the purpose is performance evaluation, support department costs allocated to Department X are

A pure service organization has

Abnormal spoilage is charged to the job that caused it.

CVP analysis is a short-run decision-making tool since some costs are fixed.

Activity attributes are nonfinancial and financial information items that describe individual activities.