Materials purchased on account during the month amounted to $195,000. Materials requisitioned and placed in production totaled $168,000. From the following, select the entry to record the transaction on the day the materials were requisitioned by the production department

A) Materials 168,000Work in Process 168,000
B) Work in Process 195,000Materials 195,000
C) Work in Process 168,000Materials 168,000
D) Work in Process 168,000Cash 168,000


C

Business

You might also like to view...

In the job characteristics model, ______ is the degree to which an employee performs a whole identifiable task. For example, does the employee put together an entire television or just place the screen in the set?

A. task identity B. skill variety C. task significance D. autonomy

Business

If everything else is equal, a system produces service more effectively and more efficiently

when the customer participates _____________. a. very little b. a moderate amount c. as much as he can d. none of the above

Business

Which of the following would be an effective goal according to goal setting theory?

a. I want you to do your very best. b. Although you’ve been getting C’s and D’s, I want you to get all A’s next quarter. c. Raise profits. d. Achieve a 10% sales growth over the next year. e. You’ve been producing 100 things a day for the last six months. Your goal for the next six months is to produce 65 things a day.

Business

Smith & Jones, Accountants, is a limited liability partnership (LLP). The major features of an LLP are that it limits the personal liability of the partners and? A) it allows the partnership to continue as a pass-through tax entity

B) LLP statutes do not vary from state to state. C) it can only do business in the state in which it was formed. D) only a few states have enacted LLP statutes.

Business