Asked by Jasmine Jackson on Jun 26, 2024

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The technical term for costs moving between one department and the next in a multidepartment process is

A) transferred costs.
B) transferred out costs.
C) transferred in costs.
D) prior costs.

Transferred Costs

Expenses that are moved from one department to another within an organization, or from one stage of production to another, often reflecting internal transactions.

Multidepartment Process

A workflow or operation that involves multiple departments within a business, often requiring cross-functional collaboration to achieve a common goal.

Transferred In Costs

Costs related to products that have been partially produced in one department and then moved to another department for further processing.

  • Discern the role of transferred costs in multi-department process environments.
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JG
Jeron GallimoreJul 01, 2024
Final Answer :
C
Explanation :
The technical term for costs moving between one department and the next in a multidepartment process is transferred in costs. Transferred in costs are the costs of goods or services that one department receives from another within the same organization.