Answer:
Debit ; credit
Explanation:
In order to record the journal entry for the transfer of completed units to finished goods is shown below:
Finished goods Dr XXXXX
To Work in process XXXXX
(Being the transfer of completed units is recorded)
Since the transfer of units completed is go to finished goods so this account is debited and the work in process account is credited
One disadvantage of using a company’s tuition reimbursement program is that you may have to extend your contract with the company.
Tuition reimbursement is offered by employers as a way to pay back employees for education expenses. The people who participated still have to pay out of pocket for the courses they take. At the end of the course, the employee can get back some or all of the tuition expenses.
If the materials price variance is favorable but the materials quantity variance is unfavorable is combination of variances may indicate that inferior quality materials were purchased at a discounted price, but the low-quality materials created production problems.
Price and quantity variances move in the same direction. If one is favorable the others will be as well. This is because there is a direct relationship between price and quantity. If one is favorable the other is likely to be favorable and if one is adverse the other is likely to be adverse.
An unfavorable materials quantity variance indicates that: actual usage of material exceeds the standard material allowed for output.
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Answer: C
Explanation:
You're seeing an opportunity in savings the cost is $40 + $10 for shipping = $50 versus $45 with free shipping. You get an extra item for less and it includes free shipping. So its a deal to actually buy the extra item.
