In the books of a manufacturing company, the journal entry to record raw materials used would include a:
A) debit to finished goods.
B) debit to raw materials.
C) debit to work in process.
D) debit to cost of goods sold.
C
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How has the Internet most likely affected direct and digital marketing?
A) The time taken by marketers to reach customer segments has increased. B) The role of technology has become less intense. C) The expenditures on direct and digital marketing have increased. D) The growth of digital sales has seen a significant downturn. E) The number of mass marketing forms has expanded.
The inventory turnover ratio
a. measures management's ability to productively employ all of its resources. b. measures the efficient use of assets held for resale. c. is a stringent measure of liquidity. d. provides a measure of the strength of the sales mix the company currently employs.
Heathcote Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year$546,000 Estimated direct labor-hours at the beginning of the year 42,000direct labor-hours Results of operations: Actual direct labor-hours 47,000direct labor-hoursManufacturing overhead: Indirect labor cost$152,000 Other manufacturing overhead costs incurred$454,000 Cost of goods manufactured$1,569,000 Cost of goods sold (unadjusted)$1,458,000 The total amount of manufacturing overhead applied to production is:
A. $1,755,000 B. $611,000 C. $606,000 D. $546,000
McKinsey and Company's trend predictions include(s)
A) distributed cocreation moves into the mainstream. B) imagining anything as a service. C) innovation coming from the bottom of the pyramid. D) all of the above.