The following entry would be used to record the transfer of $40,000 of direct material and $10,000 of indirect material from the storeroom to production: Direct Materials40,000 Indirect Materials10,000 Raw Materials 50,000
Answer the following statement true (T) or false (F)
False
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Employers need not verify any references or application form data, since it is very rare for any employee to falsify data.
Indicate whether the statement is true or false.
The Polishing Department of Gaura, Inc. had 18,000 units in process on June 1 and received 30,000 units from the Machining Department. What is the number of units to account for by the Polishing Department for June? The company uses the FIFO costing method.
A) 30,000 units B) 18,000 units C) 48,000 units D) 12,000 units
An example of external secondary data is _____
a. regular periodicals downloaded from the Web b. annual budgets for your firm's advertising c. daily sales figures by retail location d. inventory records of fast-selling goods
Under the fault rule:
A) If the prospective groom breaks off the engagement, the prospective bride gets to keep the engagement ring. B) If the prospective bride breaks off the engagement, the prospective groom gets the engagement ring back. C) Both of the above. D) None of the above.