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solniwko [45]
3 years ago
7

Dawn Manufacturing’s records show a journal entry was made debiting Work in Process Inventory and crediting Raw Materials Invent

ory for $100. The journal entry was made to record which of the following events? 1. Direct materials were placed into production 2. A materials requisition slip was prepared and approved A : 1 only B : 1 and 2 C : 2 only D : Neither 1 nor 2
Business
1 answer:
vazorg [7]3 years ago
6 0

Answer:

The correct answer is option (B) 1 and 2

Explanation:

Solution

The journal entry for Direct materials were set into production or materials requisition slip was approved or prepared.

JOURNAL ENTRY FOR DAWN MANUFACTURING RECORDS

                                            Debit ($)         Credit ($)

Work in Process Inventory  100

The raw Material Inventory                          100

Therefore from the journal stated above the entry was made to record direct materials and materials requisition slip prepared  

The option B is the right choice.

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Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the growth
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7 0
3 years ago
XYZ makes and sells bicycle parts. Last year XYZ sold 6,000 handlebars, generating sales of $180,000. This year they are conside
mr_godi [17]

Answer:

a. XYZ's average selling price per handlebar last year was $30

b.

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c. XYZ's average unit variable costs last year were $6

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Explanation:

a.

XYZ's average selling price per handlebar last year = Total Sales/number of handlebars sold = $180,000/6,000 = $30

b.

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7 0
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Answer:

Option 2 is only correct.

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4 years ago
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