What does this mean to you in your own words
Under variable costing, the method allows one to assign costs that may not match the revenue streams. An example would be to assign costs from another production cycle, for what-if analysis. What does this mean to you in your own words?
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Under variable costing, the method allows one to assign costs that may not match the revenue streams. An example would be to assign costs from another production cycle, for what-if analysis.
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The June 1 work in process inventory consisted of 5,000 pounds with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 50% complete with respect to convers
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