Answer:
Journal Entry to record the transaction
Dr. Work in Process Department I $280,000
Dr. Work in Process Department II $300,000
Dr. Manufacturing Overhead $8,000
Cr. Material Inventory $588,000
Explanation:
The direct material is charged to the work in process account, because it is an direct expense and all the direct expenses are charged to the work in process account like indirect material, indirect labor etc.
The indirect material is charged to manufacturing overhead account because all the indirect expenses are charged to the manufacturing overhead account like indirect material, indirect labor etc.
These inventories are issued from the material inventory, so to deduct the issued value from the material inventory account, the total value of direct and indirect issuance is credited to record the effect.
The activities that would help engineers to get in touch with their left brains are:
- Have the engineer set goals for attaining their tasks
<h3>What does the left part of the brain do?</h3>
This is the part of the human brain that is considered to be logical. This is the part that is used for writing, reading and also doing calculations.
The engineer would be have to get in touch with their left brains through the setting of goals.
Read more on the brain here:
brainly.com/question/1247675
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Answer:
Trial balance for Yi Min
on the May 31, YY
Dr. Cr.
$ $
Cash 37,600
Office supplies 890
Prepaid insurance 4,600
Office equipment 12,900
Dividends 3,370
Rent expense 7,540
Accounts payable 12,900
Common stock 18,000
Engineering fees earned <u> </u> <u> 36,000</u>
<u>66,900</u> <u>66,900</u>
Answer:
Dynamic function
Explanation:
Dynamic function of management speaks to the ever changing business environment such as customers expectation, business regulation,competition, suppliers, creditors etc.
It is expected of business management to change goals inorder to align with the need of the environment. Changing goals means making adjustments to decisions based on the changing business environment for survival purposes.
For instance, if a particular product is banned in a country where it is sold, management of an organization producing such product must discontinue the product and look for another line of production so that they can remain relevant in business.
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
