Under a standard cost system, when recording the use of direct materials in the production process, the debit to Work-in-Process Inventory is ________
A) standard quantity for actual production times standard cost per unit of direct materials
B) standard quantity for actual production times actual cost per unit of direct materials
C) actual quantity times standard cost per unit of direct materials
D) actual quantity times actual cost per unit of direct materials
A
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The acronym ACH stands for automated clearing house
Indicate whether the statement is true or false
Victims of bullying usually
a. sue the company. b. ignore the bully or avoid bullies by staying in their office. c. lose their jobs. d. begin bullying others.
Marco Insurance acquired shares of Penny Systems' common stock on December 28, 2013, for $400,000 and classified them as trading securities. The fair value of these securities on December 31, 2013, was $402,000 . Marco Insurance sold these shares on January 3, 2014, for $405,000. (Refer to the Marco Insurance) The journal entries to record the sale of trading securities at a gain on January 3,
2014 . a. Cash.................................................................405,000 Marketable Securities.................................................402,000 Realized Gain on Sale of Trading Securities.................3,000 b. Marketable Securities.................................... 402,000 Realized Gain on Sale of Trading Securities...... 3,000 Cash.......................................................................... 405,000 c. Cash.............................................................. 405,000 Marketable Securities................................................ 402,000 Unrealized Gain on Sale of Trading Securities............. 3,000 d. Marketable Securities.......................................402,000 Unrealized Gain on Sale of Trading Securities....3,000 Cash......................................................................... 405,000 e. Cash................................................................ 405,000 Marketable Securities.................................................402,000 Realized Gain on Sale of Securities Held to Maturity........................................ 3,000
Product-type determining dimensions
A. affect the customer's choice of a specific kind of product. B. affect the customer's purchase of a specific product brand. C. are relevant to including a customer type in the product-market. D. are generally relevant to purchasing behavior. E. are less specific than qualifying dimensions.