1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Butoxors [25]
3 years ago
12

Knowledge Check 03 During January, Dream House Builders, Inc. incurred $550 of actual indirect materials costs, as supported by

materials requisitions. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.
Business
1 answer:
TEA [102]3 years ago
5 0

Answer:

Debit:  Work in Process Inventory $550

Credit: Actual Indirect Material Costs $550

<em>Transferred Raw Material to Production.</em>

Explanation:

Material Requisition is form in which a production department requests a Raw Material Department to release the Raw Material into a Production Phase.

The Indirect Material costs are those which are not easily identified and are not usually a part of finished good or end product.

The Cost of Actual Indirect Material is given so we can have the above Journal entry for material requisition.

You might be interested in
Equipment that cost $660,000 and has accumulated depreciation of $300,000 is exchanged for equipment with a fair value of $480,0
amid [387]

Answer:

$240,000          

Explanation:

The computation of the gain to be recognized is shown below:

= Total Exchange value - net value

where,

Total exchange value equals to

= Fair value of equipment + cash received

= $480,000 + $120,000

=$600,000

And, the net value would be

= Estimated cost - accumulated depreciation

= $660,000 - $300,000

= $360,000

ow put these values to the above formula

So, the value would be equal to

= $600,000 - $360,000

= $240,000

7 0
3 years ago
Please help will give brainliest
skad [1K]

Answer:

Art Direction - first choice

6 0
3 years ago
Read 2 more answers
I am creating a website but I don't know what it should be about. Any ideas? the more the better&gt;
olga2289 [7]

Answer:

maybe a food delivery or clothes type website or a social networking website I don't know if this will help but I do know those 3 options are very common and well used

Explanation:

4 0
2 years ago
Read 2 more answers
According to a recent survey, insurance was cited as the biggest problem for small businesses. What is cited as the second most
Murljashka [212]
A health care costs sorry if i am wrong
7 0
3 years ago
Ellen and Uncle Moneybags make a contract where Ellen will buy Uncle Moneybags’ boat for $100,000 if Ellen gets a T.V. show cont
Tom [10]

When Ellen sues Uncle Moneybags for the $10,000, the type of equitable remedy would be restitution.

<h3>What is restitution?</h3>

It should be noted that restitution simply means the restoration of a particular thing that's lost or stolen.

In this case, when Ellen sues Uncle Moneybags for the $10,000, the type of equitable remedy would be restitution.

Learn more about restitution on:

brainly.com/question/10444717

6 0
2 years ago
Other questions:
  • Emily has been waiting for a promotion to a management position for almost five years, when she notices that men fill most of th
    15·1 answer
  • A company had beginning inventory of 8 units at a cost of $11 each on March 1. On March 2, it purchased 11 units at $10 each. On
    14·1 answer
  • Joe runs a restaurant. He pays his employees​ $200,000 per year. His ingredients cost him​ $50,000 per year. Prior to running hi
    11·1 answer
  • At Seven Cycles, customers can arrange for a custom-made bike to fit their specifications, which is an example of ,how electroni
    11·1 answer
  • Devon works as a customer service employee in a retail store. He understands the behaviors and feelings of his customers very we
    7·1 answer
  • A limitation of using past performance as a basis for judging actual results is that​ ________. A. future conditions can be diff
    15·1 answer
  • The process of following a professional for a day or two to get a taste of what various careers entail and receive in-depth expo
    10·1 answer
  • Devon and Edmond enter into a contract for the closing of a sale of Devon's recording studio. When Edmond's schedule conflicts,
    12·2 answers
  • What are human rights
    11·1 answer
  • The difference between total revenue and total cost is
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!