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Pruitt company has developed an integrated system

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9.Pruitt Company has developed an integrated system that coordinates the flow of all goods,services, and information into and out of the organization, working with raw material vendors aswell as customers to improve service and reduce costs.The firm is said to be using:A.participative management.B.top-down management.C.strategic cost management.D.supply chain management.E.management by objectives (MBO).Answer: DLO: 3Type: RC
Hilton, Managerial Accounting, Seventh Edition49
10.The assignment of direct labor cost to individual jobs is based on:LO: 3Type: N
11.The total production cost of a job is composed of:LO: 3Type: RC
12.Manufacturing overhead:LO: 3Type: RC
13.As production takes place, all manufacturing costs are added to the:A.Work-in-Process Inventory account.B.Manufacturing-Overhead Inventory account.C.Cost-of-Goods-Sold account.D.Finished-Goods Inventory account.E.Production Labor account.Answer: ALO: 2, 5Type: RC
14.Which of the following statements regarding work in process is notcorrect?LO: 2, 5Type: N
Chapter 350

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