Patrick Manufacturing Systems uses job order costing and a perpetual inventory system. When recording the sale of a job, which account(s) is(are) credited?
What will be an ideal response
Sales Revenue and Finished Goods Inventory accounts are credited.
You might also like to view...
The present value of $60,000 to be received in one year, at 6% compounded annually, is (rounded to nearest dollar)
a. $56,604 b. $63,396 c. $60,000 d. $3,396
A complicated widget fails 12 times in 600 hr of operation. The failure rate of the widget is ______.
A. 0.02 B. 0.03 C. 0.01 D. 0.05
Why were World War I and World War II significant in public relations history?
A) The U.S. government founded the Committee on Correspondence. B) Organizers mounted publicity campaigns against both wars. C) The Central Intelligence Agency used "brainwashing" techniques on spies. D) The government used public relations techniques to mobilize public opinion.
Which of the following is FALSE concerning leadership in teams?
a. Leaders are optional when an organization moves to a group concept. b. The ability of a group leader to work toward task goals while contributing to the development of group and individual goals is often critical to group success. c. Leadership may be shared among several participants. d. The leader establishes norms and provides motivation for effective group activity.