Which of the following costs incurred by a paper manufacturer would be included in the group of costs referred to as conversion costs?
A) Advertising costs
B) Raw lumber (direct materials)
C) Machine operator's wages (direct labor)
D) Sales salaries
C
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________ represents all the activities necessary to get the product to the right customer when that customer wants it.
A. Supply chain marketing B. Place C. Value cocreation D. Promotion E. Social media
Rick and Allan want to start a union in the small factory where they work. Outline the basic procedures they will need to follow to get a union recognized as the exclusive bargaining unit for the company employees.
What will be an ideal response?
Use the following account balances from the adjusted trial balance of ABC Consulting:AccountDebit BalanceCredit Balance Cash 20,500 Accounts Payable 2,000 B. Conway, Drawing 600 B. Conway, Capital 13,000 Fees Revenue 18,000 Salary Expense 2,600 Rent Expense 3,000 Supplies Expense 1,900 Advertising Expense 800 Select the correct closing entry that ABC Consulting would make to close the income summary account at the end of the accounting period.
A. debit B. Conway, Capital $600 credit B. Conway, Drawing for $600. B. debit Income Summary $9,700 and credit B. Conway, Capital for $9,700. C. debit B. Conway, Capital $18,000 and credit Income Summary for $18,000. D. debit B. Conway, Capital $9,700 and credit Income Summary for $9,700.
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Indicate whether the statement is true or false