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Answer the Following Question(s)using the Information Below

Question 154

Multiple Choice

Answer the following question(s) using the information below:
Complete Microfilm Products manufactures microfilm cameras.For October there were no beginning inventories of direct materials, and no beginning or ending work-in-process.Only one indirect manufacturing cost category is currently in use, "Conversion Costs." Journal entries are recorded when materials are purchased and when units are sold using backflush costing. Answer the following question(s) using the information below: Complete Microfilm Products manufactures microfilm cameras.For October there were no beginning inventories of direct materials, and no beginning or ending work-in-process.Only one indirect manufacturing cost category is currently in use,  Conversion Costs.  Journal entries are recorded when materials are purchased and when units are sold using backflush costing.   -A trigger point is defined as A) a stage in the cycle going from the purchase of direct materials to the sale of finished goods at which point journal entries are made in the accounting system. B) a stage in the cycle going from the purchase of accounting software to the sale of finished goods at which point journal entries are made in the new accounting system. C) a stage in the cycle going from the sale of finished goods at which point journal entries are made in the accounting system. D) a stage in the cycle going from the purchase of direct materials at which journal entries are made in the accounting system. E) a stage in the cycle going from the purchase of direct materials to the sale of finished goods at which no journal entries are made in the accounting system.
-A trigger point is defined as


A) a stage in the cycle going from the purchase of direct materials to the sale of finished goods at which point journal entries are made in the accounting system.
B) a stage in the cycle going from the purchase of accounting software to the sale of finished goods at which point journal entries are made in the new accounting system.
C) a stage in the cycle going from the sale of finished goods at which point journal entries are made in the accounting system.
D) a stage in the cycle going from the purchase of direct materials at which journal entries are made in the accounting system.
E) a stage in the cycle going from the purchase of direct materials to the sale of finished goods at which no journal entries are made in the accounting system.

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