When direct and indirect materials are issued into production from storage, an entry is made
a. debiting Work in Process, debiting Factory Overhead, and crediting Materials.
b. debiting Work in Process and crediting Materials.
c. debiting Materials, crediting Work in Process, and crediting Factory Overhead.
d. debiting Factory Overhead, crediting Work in Process, and crediting Materials.
a
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Melissa runs a residential-cleaning service and has noticed that some of her staff are much more efficient than others and can clean a house in about half the average time. She would like to reward these workers with a higher wage by implementing what would be known by Taylor as a(n)
A. sliding scale system. B. incentivized wage system. C. differential rate system. D. productivity wage system. E. merit pay system.
________ means "honesty in fact in the transaction concerned."
A. Good title B. Good risk C. Good value D. Good faith
Inventory records for Marvin Company revealed the following:DateTransactionNumber of UnitsUnit CostMar.1Beginning Inventory1,000$7.20 Mar.10Purchase600 7.25 Mar.16Purchase800 7.30 Mar.23Purchase600 7.35 Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming LIFO would be:
A. $16,800. B. $16,660. C. $16,540. D. $16,760.
The difference between manufacturing and service industry is that ______.
A. demand cannot be short term in service industry B. demand cannot be seasonal in manufacturing C. services cannot be inventoried to satisfy demand D. demand cannot be long term in service industry