A cost transferred from a prior process to a subsequent process is referred to as a:
A)transferred-out cost.
B)transferred-in cost.
C)variable overhead.
D)direct labor cost.

Question

Quizplus · Accepted Answer

A cost transferred from a prior process to a subsequent process is referred to as a transferred-in cost. This cost is classified as a direct material cost in the subsequent process.

A Cost Transferred from a Prior Process to a Subsequent