Cost of goods manufactured equals $44,000 for 2017.

Finished goods inventory is

$2,000 at the beginning of the year and $5,500 at the end of the year. Beginning and
ending work in process for 2017 are $4,000 and $5,000 respectively. How much is cost
of goods sold for the year?
$40,500
Which one of the following types of companies would most likely use a job cost system?
Manufacturer of wedding invitations
The first step in activity-based costing is to. . .
Identify and classify the major activities involved in the manufacture of specific products.
The primary benefit of ABC is it provides. . .
More accurate product costing
The presence of any of the following factors would suggest a switch to ABC except
when:
Overhead costs constitute a minor portion of total costs
Which of the following is a batch-level activity?
Equipment setups
Which would be an appropriate cost driver for the machining activity cost pool?
Machine hours
Which of the following is primarily responsible for raising capital and investing funds?
The treasurer
Communicating information fairly and objectively is an example of which ethical
standard?
Credibility
The costs associated with reengineering machinery and its location within the factory to
increase efficiency would be considered which part of the value chain?
Design
Underallocated manufacturing overhead results when. . .
Actual overhead is greater than allocated overhead
Which of the following is not a factor in the success of a lean company?
Inflexible production operations
Which of the following is not one of the three factors influencing a company's triple
bottom line?
Development