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alexandr1967 [171]
3 years ago
7

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

You might be interested in
If a check correctly written and paid by the bank for $272 is incorrectly recorded in the company's books for $227, how should t
djverab [1.8K]

Answer:

Add $45 to the book balance.

Explanation:

This is a transposition error which is an example of error of original entry. A transposition error occurs when the figures are posted in the wrong order, while an error original entry occurs when a wrong amount is entered into the right account. This kind of error usually causes discrepancy between the bank balance and the book balance.

To correct this error in the question, we first find the difference between the right amount and the wrong amount as follows:

Difference = Right amount – Wrong amount = $272 - $227 = $45

Therefore, the difference of $45 will be added to the book balance to bring it into an agreement with the bank treatment as follows:

Bank correct treatment = $272

New book treatment = Wrong amount + Difference = $227 + $45 = $272  

It can now be seen that both posting are now in agreement after the correction.

4 0
3 years ago
Which of the following is not a typical strategic objective or benefit that drives mergers and acquisitions?a. to facilitate a c
ValentinkaMS [17]

Answer:

<h2>The correct answer in this case is option a. or to facilitate a company's shift from a broad differentiation strategy to a focused differentiation strategy. </h2>

Explanation:

Some of the major attributes or objectives behind commercial mergers and acquisitions commonly include expansion of market share or customer base through tapping into new markets(both geographically and new product based) and adopting product or service differentiation by combining business operations,invent more cost effective production processes or methods and gain access to new and improved technological resources and inputs.Hence,one of the important objectives of any commercial merger or acquisition is actually to enhance market share of the company or business organisation through diversified product differentiation and not on any focused differentiation strategy which can potentially cover a relatively wider consumer base.

4 0
3 years ago
At its present rate of output, Barrel O' Biscuits, a perfectly competitive firm, finds that its marginal cost exceeds its margin
Delvig [45]

Answer: Reduce output

Explanation:

 According to the given question, the barrel O' Biscuits is one of the type of perfectly competitive organization in which its overall marginal cost increasing the company's marginal revenue.

 For maximizing the profit of an organization then we should reduce the output as in the perfect competition the company majorly affected the output only and for shift the overall marginal cost of the company we reducing the output.

 Therefore, Reduce output is the correct answer.      

 

3 0
3 years ago
kim buys a treadmill with a faulty latch. when thinking about her rights as a consumer, kim is most likely concerned about
nlexa [21]

In the above scenario, Kim is most likely concerned about quality and price of the product to replace the faulty one.

<h3>What is consumers right?</h3>

This is known to be the Right to Choose from any goods and services of one's choice.

Note that there are a different kinds of quality products and services at competitive prices and as such, In the above scenario, Kim is most likely concerned about quality and price of the product to replace the faulty one.

Learn more about right from

brainly.com/question/19681204

#SPJ1

3 0
2 years ago
MC Qu. 84 Two investment centers... Two investment centers at Marshman Corporation have the following current-year income and as
dusya [7]

Answer:

The correct answer is 11.28%

Explanation:

Solution

Recall that:

                                          Investment center A    Investment center B

Investment center income    $ 530,000                $ 640,000

Investment center average

invested assets                     $ 4,700,000                $ 3,100,000

Now,

We calculate for return on investment (ROI) for Investment Center A

The ROI A=Investment center income/Average invested assets  which is

= (530000/4,700,000)

=11.28%

8 0
3 years ago
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