Normal expenditures for repairs and maintenance to plant and equipment are accounted for by
a. debiting Equipment and crediting Cash and Supplies Inventory.
b. debiting Repairs Expense and crediting Cash and Supplies Inventory.
c. debiting Cash and Supplies Inventory and crediting Repairs Expense.
d. debiting Cash and Supplies Inventory and crediting Equipment.
b
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Business intelligence applications access large pools of data, usually transactional records stored in large databases called _____.
A. data warehouses B. digital systems C. subsystems D. supply chains
Flint Enterprises had the following cost and production information for April: Units Produced 20,000Unit Sales Price $200Manufacturing Cost Per Unit Direct Material $50Direct Labor $25Variable Manufacturing Overhead $10Fixed Manufacturing Overhead($400,000/20,000)=$20Full Manufacturing Cost Per Unit $105Nonmanufacturing Costs Variable Selling Expenses $80,000Fixed General and Administrative Costs $75,000Inventory increased by 4,000 units during April. What is Flint Enterprise's income under variable costing?
A. $1,365,000 B. $1,745,000 C. $1,785,000 D. $1,285,000
Suppose you are the CEO of a small firm that is taking its business into a new country. You are fortunate to have two gifted managers who have volunteered to handle the operational issues for this project, but you must choose just one to send to the new country. One of the managers has extensive work experience in all the operational aspects of running a business, and the other manager is from the new country and previously ran a business there. Which manager will you send and why?
What will be an ideal response?
Tyson Manufacturing has the following information available for 2012: Direct materials $6.00 per unit Direct labor $2.00 per unit Variable manufacturing overhead $1.50 per unit Variable selling and administrative costs $3.00 per unit Fixed manufacturing overhead $40,000 Fixed selling and administrative costs $50,000 During 2012, Tyson produced 10,000 units out of which 9,100 units were sold for
$50 each. Refer to the information provided for Tyson Manufacturing. What is the net operating income under variable costing? A) $251,250 B) $254,850 C) $285,000 D) $291,250