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Veseljchak [2.6K]
3 years ago
7

What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use inst

ead of for use in a particular job? (a) Work in Process $8,000 Manufacturing Overhead $8,000 (b) Work in Process $8,000 Raw Materials $8,000 (c) Manufacturing Overhead $8,000 Work in Process $8,000 (d) Manufacturing Overhead $8,000 Raw Materials $8,000
Business
1 answer:
Jlenok [28]3 years ago
8 0

Answer:

(d) Manufacturing Overhead $8,000 Raw Materials $8,000

Explanation:

This will be an spending associate with the actual overhead.

These materials are indirect, so it should go in the factory overhead account.

They are not associate with any job in particular, so it cannot be capitalize through work in process.

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The export business in China is growing. Uncle George, who has just returned from a trade expo in Shanghai, has informed you tha
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2 years ago
Held-to-Maturity Bond Investment On January 1, 2016, Weaver Company purchased as held-to-maturity debt securities $500,000 face
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Answer:

b. $461,820

Explanation:

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8 0
3 years ago
Ann is trying to decide which one of two job offers she will accept. Several items are presented below:
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Answer:

c. (1) (3), (5

Explanation:

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2 years ago
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Answer:

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Before income statement and balance sheet is prepared, these entries are passed. Thereafter, adjusting trial balance is prepared and finally financial statements are prepared.

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3 years ago
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