Costs incurred in a previous department for items that have been received by a subsequent department are called _____.
A)prior period
B)variable costs
C)transferred-in-costs
D)accumulated

Question

Quizplus · Accepted Answer

Transferred-in costs refer to the costs incurred in a previous department for items that have been received by a subsequent department. Prior period refers to a time period before the current period, variable costs refer to costs that vary with changes in production or sales volume, and accumulated refers to the total amount of a specific item or cost over a certain period of time.

Costs Incurred in a Previous Department for Items That Have