Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company: Salaries expense $24,000 Social Security and Medicare taxes withheld 1,100 Income taxes withheld 5,000 Medical insurance deductions 500 Life insurance deductions 400 Salaries subject to federal and state unemployment taxes of 6.2 percent
8,000 The journal entry to record the monthly payroll on September 30 would include a
A) debit to Salaries Expense for $24,000.
B) debit to Salaries Payable for $24,000.
C) credit to Salaries Payable for $24,000.
D) debit to Salaries Expense for $9,000.
A
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Budgets facilitate congruence between organizational and personal goals
Indicate whether the statement is true or false
Using these abbreviations--DL = Direct Labor, MO = Manufacturing Overhead, DM = Direct Materials, WIP = Work-in-Process, FG = Finished Goods, COGS = Cost of Goods Sold--how would you represent the flow of manufacturing costs through the accounts? (Use + to mean "add to" and ? to mean "is transferred to.")
a. DL + MO ? WIP ? DM ? COGS b. DM + DL + MO ? WIP ? FG ? COGS c. WIP ? FG ? COGS d. DM + DL ? WIP + MO ? FG ? COGS e. none of the above
Firms generally leverage the expertise of their talent pool in building capabilities by
A. updating existing capabilities. B. refreshing existing capabilities. C. building resource capabilities from scratch so it is easy and less time-consuming. D. establishing a new arsenal of resource capabilities by phasing out existing capabilities. E. augmenting or recombining well-established capabilities with existing resources.
Describe how kanbans are used to control the flow of inventory in a manufacturing facility.
What will be an ideal response?