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3 years ago

When direct materials are used in production, costs are assigned by debiting Work-In-Process Inventory and crediting __________.

Business

1 answer:

astraxan [27]3 years ago

7 0

Answer:

finished goods

Explanation:

I would assume finished goods. At a multiple process step company, you would again credit WIP materials

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Assume that a company makes only three products: Product A, Product B, and Product C. Currently, the company uses a conventional

VikaD [51]

Answer:

Company A

Using the activity-based costing approach, the percent of the company’s total Material Handling activity cost that would be allocated to Product B is:

d. 33%

Explanation:

a) Data and Calculations:

Product A Product B Product C Total Use

Number of units produced 1,000 units 7,000 units 2,000 units 10,000

Direct labor hours per unit 2 hours 2 hours 2 hours 6

Number of setups 30 setups 50 setups 20 setups 100

Number of material moves 600 moves 400 moves 200 moves 1,200

Number of products 1 product 1 product 1 product 3

Product B usage of Material Handling Activity Cost:

Allocation Basis = Number of material moves

Product B material moves = 400

Total material moves = 1,200

Therefore, the percentage of Product B usage of material handling activity is:

= 400/1,200 * 100

= 33%

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3 years ago

A retired woman has $180,000 to invest. she has chosen one relatively safe investment fund that has an annual yield of 9% and an

Zepler [3.9K]

Solution:
Let the amount invested in scheme which yields 9% be x and amount invested in scheme which yields 13% be y.
x + y = 180000 --equation 1
0.09x + 0.13y = 18000 --equation 2
Balancing the equations, multiply equation 1 with 0.09 and equation 2 with 1,
0.09x + 0.09y = 16200 -equation 3
0.09x + 0.13y = 18000 --equation4
Subtracting equation 4 from 3,
-0.04y = -1800
y = 45000
Now putting value of y in equation 1,
x + 45000 = 180000
x = 135000
The amount to be invested in scheme which yields 9% = $135,000
The amount to be invested in scheme which yields 13% = $45,000

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3 years ago

A company having difficulty with timely delivery of parts to its manufacturing plants should implement a supply chain ________ s

Ksju [112]

Answer:

The answer is D, Execution System.

Explanation:

Supply chain Execution system is a system that ensures the delivery of materials or orders to the concerned departments. So in this example, when a company is having difficulty with timely delivery of parts to its manufacturing plants, the company should implement the Supply Chain Execution System in order to ensure the timely delivery of the material to the manufacturing plant of the company.

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3 years ago

Hayleah is a california cpa practicing in california. to renew her license in active status, hayleah must to meet the basic requ

kenny6666 [7]

When performing work, there are specific requirements depending on which work Hayleah performs and these are B) Government auditing continuing education requirement

When dealing with governmental accounting:

There are certain rules that must be followed.
The specific rules imposed are to ensure better management of tax payer funds.

As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.

In conclusion, option B is correct.

Find out more about different accounting standards at brainly.com/question/24441480.

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2 years ago

Griffin has been a new manager for a couple of weeks. Over time, he realizes his team likes to socialize during meetings, which

Nikitich [7]

Griffin should report the recurring problem to employees via explanatory email that demonstrates the importance of meetings for organizational effectiveness. Create alternative methods of speech at meetings. Decrease meeting times when possible and focus on the most relevant points. Establish overtime socializing warning policies.

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3 years ago

Read 2 more answers