In a process costing system, direct material costs incurred are recorded:
A. Directly to a Cost of Goods Sold account.
B. Indirectly to a Work in Process Inventory account from Factory Overhead.
C. Directly to a Finished Goods Inventory account.
D. Directly to a Work in Process Inventory account.
E. Indirectly to a Finished Goods Inventory account from Factory Overhead.
Answer: D
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Olivia Co owns 5,600 of the 14,000 outstanding shares of Hobbitt Corp common stock and exercises significant influence over the company. During 2011, Hobbitt earns $$90,000 and pays cash dividends of $25,000 If the beginning balance in the investment account was $190,000, the balance at December 31, 2011 should be:
a. $192,000 b. $172,000 c. $180,000 d. $216,000
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A. work-flow analysis B. organizational dynamics C. work-flow evaluation D. organization structure E. work-flow design