The journal entry to issue indirect materials to production should include a debit to the ________
A) Finished Goods Inventory account
B) Raw Materials Inventory account
C) Manufacturing Overhead account
D) Work-in-Process Inventory account
C
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For improper execution or failure to execute payment orders, banks can be liable to:
A. the originators for consequential damages. B. the beneficiaries for their incidental expenses. C. the originators for their expenses in the transaction along with incidental expenses and interest losses. D. both the originators and beneficiaries for consequential damages, even though the written agreement of the receiving bank does not provide for it.
According to the ACFE study, which of the following is the most common form of occupational fraud?
a. bid-rigging. b. fraudulent statements. c. corruption. d. asset misappropriation.
Answer the following statements true (T) or false (F)
1. A major advantage of mystery shoppers is the relatively large sample on which reports are based. 2. Mystery shoppers are inexpensive and a useful tool. 3. To try to encourage feedback, some companies offer coupons and prizes. 4. Mystery shoppers are always trained observers who sporadically sample the service and its delivery.
The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October:
During the month, direct materials amounting to $21,000 and indirect materials amounting to $6000 were issued to production. What is the ending balance in the Work-in-Process Inventory account following these two transactions?
A) $44,000
B) $65,000
C) $10,000
D) $26,000