Which of the following journal entries records the accrual of the cost of indirect labor used in production?
a. debit Work in Process Inventory, credit Wages Payable
b. debit Work in Process Inventory, credit Manufacturing Overhead
c. debit Manufacturing Overhead, credit Work in Process Inventory
d. debit Manufacturing Overhead, credit Wages Payable
D
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One year many customers' machinery wears out and needs to be replaced. The following year no customers need new machinery. This is an example of ________ demand
A) inelastic B) fluctuating C) elastic D) consumer E) static
What are common ways that larger, more complex companies are organized?
a. Larger companies tend to be organized purely by function b. Every product and category is integrated into each department to ensure integration c. Departments may be organized by product or geographic area, and there may be people who specialize, bringing together all parts of the organization d. They consolidate all locations to manage all aspects of the company more closely from one entity
Describe three steps in the research phase of a job search
A common misconception is that a performance evaluation system should not measure every activity
a. True b. False Indicate whether the statement is true or false