The primary goal of multiculturalism is to?
a. issue quotas and percentages
b. build a culture of openness and inclusion
c. create an organization of autocratic leadership
d. establish barriers in hiring of women and minorities
b. build a culture of openness and inclusion
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Which of the following is not a subsidiary ledger used in a job cost system?
a. materials ledger; b. factory overhead ledger; c. job cost ledger; d. direct labor ledger; e. finished goods ledger.
What does this graph reveal about the heat of vaporization and the heat of fusion?
What will be an ideal response?
Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Raw materials purchased on account$475,000Raw materials (all direct) requisitioned for use in production$476,000Direct labor cost$640,000Manufacturing overhead: Indirect labor cost$174,000Other manufacturing overhead costs incurred$498,000Cost of goods manufactured$1,469,000Cost of goods sold (unadjusted)$1,430,000 What is the journal entry to record raw materials used in production?
A.
| Raw Materials | 476,000 | |
| Work in Process | 476,000 | |
B.
| Work in Process | 475,000 | |
| Raw Materials | 475,000 | |
C.
| Raw Materials | 475,000 | |
| Work in Process | 475,000 | |
D.
| Work in Process | 476,000 | |
| Raw Materials | 476,000 | |
[The following information applies to the questions displayed below.] Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) The company returned $1,200 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $18,800 cash. What is the net cash flow from operating activities as a result of the four transactions?
A. $6,550 B. $5,100 C. $7,726 D. $11,074