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Nata [24]
3 years ago
14

When determining costs of jobs, how does a company account for indirect materials?

Business
1 answer:
Gnesinka [82]3 years ago
3 0
It is transferred out of raw materials into manufacturing overhead when used 
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I think Identify the different engineering activities/steps in the engineering design process for each steps,summarize in 1–3 sentences what happens during the step?
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Helen, a manager for Marshall Manufacturing, spends much of her time reviewing the global, technological, socio-cultural, compet
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Answer:

The statement is: True.

Explanation:

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Lewis Company sold equipment for $11,000. The equipment originally cost $25,000 in 2014 and $6,000 was spent on a major overhaul
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Answer:

Dr Cash 11,000

Dr Accumulated Depreciation-Equipment 20,000

Equipment 31,000

Explanation:

Preparation of the Journal entry to record the disposition of the equipment

Since we were told that Lewis Company sold

the equipment for the amount of $11,000 in which the Accumulated Depreciation on the equipment to the date of disposal was the amount of $20,000 this means the journal entry to record the disposition of the equipment will be :

Dr Cash 11,000

Dr Accumulated Depreciation-Equipment 20,000

Equipment 31,000

(20,000+11,000)

4 0
3 years ago
Meeting the needs of the present through economic development without compromising the needs of future generations to meet their
Veseljchak [2.6K]

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Sustainability.

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3 0
3 years ago
The recording of transactions and events is called:.
Vaselesa [24]
Record-keeping.

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The definition of record keeping is keeping records, or units of preserved information. This information can also be kept in books, which brings us to another term; bookkeeping.
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2 years ago
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