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How to reconcile total manufacturing costs with total cost of goods manufactured during the period?
Wiki User
∙ 14y ago
your total COGS for the period plus your ending inventory balance of finish and half finished goods less the beginning balance should equal your periods manufacturing costs,
Wiki User
∙ 14y ago
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Transportation costs incurred by a manufacturing company to ship its product to its customers would be classified as which of the following a. Product cost b. Manufacturing overhead c. Period cost?
Product cost
What is lost during a period of inflation?
Dignity
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Deflation
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The supply curve during the market period is perfectly inelastic and vertical. This shows that the supply cannot be increased in the short run.
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What was a period of rapid growth in US manufacturing during the late 1800s?
That would be the second industrial revolution.
What years were the VK Calais manufactured in?
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What was the first innovation of the Industrial Age?
the period of new manufacturing processes that began in Great Britain during the late 1700s
During which period was the Chevy 327 manufactured?
The Chevy 327 was manufactured from 1962 to 1970. It was only available for eight years. The Chevy engine was considered one of the best of its time and was good if racing a car.
Flanders was known for its manufacturing.?
cloth
How fixed manufacturing overhead costs are shifted from one period to another under absorption costing?
Fixed manufacturing overhead costs are shifted from one period to another due to changes in inventories under absorption costing. Every unit that is produced is assigned some fixed manufacturing overhead costs. Assuming that the said unit is not sold during that period, the fixed manufacturing cost assigned to that unit will then become part of the inventory and reported on the balance sheet and not the cost of good sold.
Is salary of factory manager a period cost?
Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.
What is difference between product cost period cost and expenses?
Product costs is the costs are the costs incurred in the making of the product. Manufacturing costs --Direct Materials, Direct Labor, and Manufacturing Overhead. Product cost are also factory costs Period costs are the selling and administration costs. Electricity costs for the Accounting dept. is an administration costs but Electricity costs for the factory is Manufacturing Overhead.
What are the differences between Absorption Costing and Variable Costing?
VARIABLE COSTING VERSUS ABSORPTION COSTINGAbsorption costing applies all manufacturing overhead to production costs while they flow through Work-in-Process Inventory, Finished-Goods Inventory and expenses on the income statement while Variable Costing only applies variable manufacturing overhead.Fixed manufacturing overhead is expensed immediately as it is incurred under variable costing while it is inventoried until the accounting period during which the manufactured goods are sold under absorption costing.
The industrial revolution was a period of rapid growth in manufacturing and production?
Was a period in the mid 1700s
During what period was the Cadillac STS Sedan manufactured?
The Cadillac STS (Saville Touring Sedan ), is a model of Cadillac that was manufactured by them from 1998 - 2012 (the 2005 - 2012 versions were new models using the same name, replacing the previous versions).
