Ask question

Ask question

All categories

3 years ago

6

A materials requisition slip showed that direct materials requested were $96000 and indirect materials requested were $9000. The

entry to record the transfer of materials from the storeroom is__________.

1 answer:

sesenic [268]3 years ago

8 0

Answer and Explanation:

Work In Process Inventory $96,000

Manufacturing Overhead $9,000

Raw Materials Inventory $105,000

You might be interested in

Webster and Moore paid $148,000, in cash, for equipment three years ago. At the beginning of last year, the company spent $21,00

vovikov84 [41]

Answer:

The detailed answer is given below;

Explanation:

The company has received an offer of $96,000 for equipment. It means that if the equipment is sold in market, it will fetch a revenue of $96,000.

Whereas the company is thinking for expansion option, in such case the cost of equipment for that project will $96,000 because as per definition of opportunity cost, this system if not used in expansion; can readily be sold out in market for $96,000.

Therefore the relevant cost for the project shall be $96,000 because this is the amount that Webster and Moore can loose if not sold in the market.

4 0

3 years ago

Jean works for Fahrenheit Publishing which is a publisher of scientific journals. The company is dominated by low risk taking an

Alexxx [7]

Answer:

C) Jean's department has developed a subculture

Explanation:

Based on the information provided within the question it can be said that Jean's department has developed a subculture. This refers to a culture within a larger culture. Which seems to be the case since the company itself focuses solely on low risk taking and high attention to detail. While Jean's department focuses mainly on high team orientation including working together and socializing through various activities.

8 0

3 years ago

What is the difference between a shortage and scarcity?.

klio [65]

Explanation:

shortage is when a particular thing is present for use but not up to what the person needs.

scarcity is when a thing or object ceased to be used or non availability of a particular thing for a particular period of time.

7 0

2 years ago

During March, the production department of a process operations system completed and transferred to finished goods 27,000 units

klasskru [66]

Answer:

Cost per equivalent unit of material =$1.51

Explanation:

<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion production costs between work in progress and finished work.</em>

Equivalent units = Degree of completion × units

<em>Items Equivalent units</em>

Opening inventory 27,000×100% = 27,000

Fully worked 180,000× 100% = 180,000

Closing inventory 24,000× 100% = <u>24,000</u>

Total equivalent units <u> 231,000</u>

Cost per equivalent unit of material = 93,800+254,000/231,000 units

6 0

3 years ago

In most markets, _____ is determined by the interactions of numerous buyers and sellers.

anastassius [24]

Buyers and sellers interact in a market to exchange commodities, services, or resources. Prices and trade volume are mostly influenced by how buyers and sellers interact in a "market."

The buyer-seller interaction process is viewed as a transaction in and of itself, with potential for numerous outcomes. The buyer-seller interaction, which is compared to the effect of advertising, is assumed to carry out any of the following five functions: raise awareness of each other's expectations about the product or service; remind each other of past successful transactions and their behavioral outcomes; reinforce each other's behavior related to the sale of the product or service; prompt behavioral actions on each other's parts by intensifying expectations; and persuade each other.

To learn more about interactions of buyers and sellers in market here

brainly.com/question/2976497

#SPJ4

4 0

1 year ago