Which trait is not an example of a physical personality trait inherited from nature?
A. eye color
B. temper
C. height
D. blood type
B. temper
You might also like to view...
Which of the following explains why you are preparing the report and what you plan to cover in the body of the report?
A) Opening statement B) Statement of purpose C) Infinitive phrase D) Work plan E) Executive dashboard
Which of the following is true about the surety's liability to pay in a surety arrangement?
A. The surety is secondarily liable for payment. B. The surety is primarily liable for payment. C. The principal debtor must be in default before the surety can be approached. D. The creditor can only approach the surety as a last resort.
The FIFO method combines beginning inventory and current production to compute cost per unit of production
Indicate whether the statement is true or false
The following information is available for Annum Corporation for the current year:Cost of goods sold …………………………..$292,000Depreciation of factory equipment ………….25,200Direct labor …………………..………………64,750Finished goods inventory, beginning ….45,000Factory insurance ……………………………11,200Factory utilities ………………………………16,800Goods transferred from Work in ProcessInventory to Finished Goods Inventory ……285,150Indirect labor …………………………………8,400Raw materials inventory, beginning….... 4,200Raw materials purchased ……………………. 116,200Raw materials used in production(includes $7,000 of indirect materials) ….....121,800Rent on factory building
……………………...22,400Annum Company uses a predetermined overhead rate of 150% of direct labor cost. Prepare journal entries for the following transactions and events.(a) Purchase of raw materials on account.(b) Assignment of materials costs to Work in Process Inventory and Factory Overhead.(c) Assignment of factory payroll to Work in Process Inventory and Factory Overhead.(d) Recording of other factory overhead. Assume that all items other than depreciation are paid in cash.(e) Apply factory overhead to Work in Process Inventory.(f) Transfer of goods completed to Finished Goods Inventory.(g) Recording cost of goods sold.(h) Assignment of over- or underapplied overhead to Cost of Goods Sold. What will be an ideal response?