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noname [10]
3 years ago
5

Suppose $20,000 of raw materials is withdrawn from the storeroom to be used In production. Of this amount $15,000 consists of di

rect materlals and $5,000 consists of Indirect materials.
What account or accounts will be debited?

a.Raw Materials $15,000 and Manufacturing Overhead $5,000

b.Work in Process $15,000 and Raw Materials $5,000.

c.Manufacturing Overhead $15,000 and Work in Process $5,000

d.Work in Process $15,000 and Manufacturing Overhead $5,000
Business
1 answer:
VashaNatasha [74]3 years ago
8 0

Answer:

d.Work in Process $15,000 and Manufacturing Overhead $5,000

Explanation:

Direct material is charged to work in process, while the indirect material is charged to manufacturing overhead account. The journal Entry will be as follows

                                                DR.          CR.

Work in Process                   $15,000

Manufacturing Overhead    $5,000

Raw Material Inventory                       $20,000

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3 years ago
Select all that apply.
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Answer:

Wildlife conservationists.

Explanation:

Wildlife conservationists are those people who do the practice of protecting wild species and their habitats to prevent species from going extinct. If anyone wants to make a career in Agriculture, Food & Natural Resources, he/she must have to know which species are endangered now and which species might be endangered in the future. Along with this, they must have to understand how those species could be saved from being extinct. After knowing all of these, he/she might select their career as a wildlife conservationist. Among the other three professions which are said in question aren't possible to choose from the side of a person who knows Agriculture, Food & Natural Resources.

7 0
3 years ago
Read 2 more answers
What is the purpose of the 1040 series of tax forms?
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Answer:

To file individual tax returns

Explanation:

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Using this table, calculate the profit at each level of running shoe inserts production. Pair 1: $ Pair 2: $ Pair 3: $ Pair 4: $
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Based on the total cost, total revenue, and pair of shoes, the profit level at every level of running shoe production are:

  • Pair 1 - $23
  • Pair 2 - $51
  • Par 3 -$80
  • Pair 4 - $109
  • Pair 5 - $137

<h3>What are the profits at each level?</h3>

The profit can be found as:

= Total revenue - Total cost

At first level:

= Total revenue - total cost

= 30 - 7

= $23

At pair 2:

= Total revenue - total cost

= 60 - 9

= $51

At pair 3:

= Total revenue - total cost

= 90 - 10

= $80

At pair 4:

= Total revenue - total cost

= 120 - 11

= $109

At pair 5:

= Total revenue - total cost

= 150 - 13

= $137

The total profit is increasing because the total revenue is increasing significantly yet the total cost is only increasing marginally.

In conclusion, the profit is increasing more because cost is increasing less.

Find out more on total profit at brainly.com/question/1078746

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6 0
2 years ago
Because of a decline in market price in the second quarter, Petal Co. incurred an inventory loss, but the market price was expec
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Answer:

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Explanation:

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