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faltersainse [42]
3 years ago
9

When materials are requisitioned for use in production in a job-order costing firm, the cost of materials is added to the a.raw

materials account. b.work-in-process account. c.finished goods account. d.accounts payable account. e.cost of goods sold account.
Business
1 answer:
Elan Coil [88]3 years ago
7 0

Answer:

b.work-in-process account.

Explanation:

When materials are requisitioned for use in production in a job-order costing firm, the cost of materials is added to the work-in-process account.

Following journal Entry is passed.

DR.     Work in process               xxx

CR.      raw Material Inventory    xxx

As work in process is debited in the above transaction, the cost of material is being added to it.

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Suppose you have the following disposable income and consumption data for an economy, as shown in the table below.
forsale [732]

Answer:

Consumption is a key component in the calculation of GDP and refers to how much money out of disposable income is spent by households on goods (both durable and non-durable) and services.

Disposable income is how much money households have after taxes. Their consumption and spending come from here.

Whatever is not spent is saved. Savings are therefore calculated as;

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Savings for the above are therefore,

$20,000 - $22,000 = -$2,000

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3 years ago
Which statement is true?
Vikki [24]

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What is the most important reason for doing vehicle inspection
AURORKA [14]
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Why would a Roth 401(k) investment plan allow you to invest the most amount of money?
ycow [4]

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401k

Explanation:

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