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Rashid [163]
3 years ago
13

Flying High Manufacturing produces frisbees using a threeminusstep process that includes​ molding, coloring and finishing. Which

account is debited when the frisbees are totally​ completed?
Business
2 answers:
IgorC [24]3 years ago
8 0

Answer:

Finsished goods inventory is debited.

Explanation:

The production process involves movement of the product through the different stages of manufacturing to the final finished goods.

The raw materials are inputted, then transferred to work in process, finally to finished goods. The finished goods is sold to the consumer.

In this scenario Flying high manufacturing produces frisbees, when the frisbees are completed the following entry is passed

Credit work in process

Debit Finished goods inventory

This indicates bthat the goods have moved from the work in process to finished goods where they are ready for sale.

egoroff_w [7]3 years ago
3 0

Answer:

The correct answer is WIP Inventory-Molding.

Explanation:

Modern companies in search of competitiveness are obliged to control their costs permanently and maintain, improve and increase their value generating factors, thereby increasing the attractiveness to their customers and profitability. The control of work in process (WIP) is an activity that, together with others, positively contributes to the achievement of this ideal.

Work in process is a fundamental part of the inventory, which consists of the units that having entered and started the production process, are not yet constituted as finished products. Otherwise, the WIP is made up of those raw materials that have entered the production process but are not yet ready for sale since they are not yet finished product.

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Extensive collections of published works in electronic form are called
Solnce55 [7]
The correct <span>answer is Digital Library.

A digital library is a special collection of digital objects which can be in form of text, visual, audio or video material which has been organized, stored and retrievable in electronic formats. These materials for them to be stored in a public digital library, usually, have to be published as a requirement.</span>
4 0
2 years ago
According to functional job analysis, all jobs require workers to interact with?
Sloan [31]

According to functional job analysis, all jobs require workers to interact with data, people, and things. There are different ways to conduct a functional job analysis, but these ways measure workplace roles through established scales. These scales are usually categorized into seven categories: data, people, things, instruction, reasoning, math, and language.

Functional job analysis is the practice of examining job requirements and assigning a suitable candidate for that job or examining a candidate's qualifications and skills and assigning a suitable job to that candidate. It also works in reverse by not matching the wrong candidate with the job or vice versa. An obvious example is not hiring someone with no hands to do any job that requires lifting things. With only two types of jobs in a small business, this is not a difficult proposition. In a large company with thousands of people doing hundreds of different jobs, it can become a Gordian knot. It is up to the functional job analyst to become Alexander with the sword.

Learn more about functional job analysis:

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3 0
1 year ago
Rimi currently earns $3300 per month. She has the following monthly debt payment expenses: $80 for credit cards, $130 for studen
vaieri [72.5K]

Answer:

No, her ratio is greater than 37%

Explanation:

Given:

Monthly income = $3,300

Credit card expenses = $80

Student loan expenses = $130

Car payment = $215

All insurances = $1,221

Computation:

Total debt to income ratio = Total debt / Total income

Total debt to income ratio =  (80 + 130 + 215 + 1221) / 3300

Total debt to income ratio = 49.87%  

Housing payments to income ratio = All insurances / Monthly income

Housing payments to income ratio = (1221) / 3300

Housing payments to income ratio = 37%  

No, her ratio is greater than 37%

3 0
3 years ago
At the beginning of the year, Monroe Company estimates annual overhead costs to be $2400000 and that 300000 machine hours will b
Neko [114]

Answer:

Allocated MOH= $252,000

Explanation:

Giving the following information:

Estimated overhead= 240,000

Estimated machine hours= 300,000

Actual machine hours for the year were 315000 hours.

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate=  240,000/300,000= $0.8 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.8*315,000= $252,000

3 0
3 years ago
Faith Cassen has recently been hired as the manager of Gibraltar Coffee Shop. Gibraltar Coffee Shop is a national chain of franc
IrinaK [193]

Answer:

a.       I Disagree with Faith's method of handling this situation because she has not followed the internal control principle of safeguarding of assets. Stealing is a serious issue. An employee who can justify taking a box of tea bags can probably justify “borrowing” cash from the cash register.

b.      I Agree with Faith's method of handling this situation because Faith has followed the internal control principle of assignment of responsibility by making one employee responsible for the cash drawer and followed the internal control principle of segregation of duties (preparing the orders) from the accounting (taking orders and payments).

c.       I disagree with Faith's method of handling this situation because Faith has not followed the internal control principle of segregation of duties. It is true that faith has made one employee responsible however after cash counting another employee or Faith himself remove the cash register tape and compare the balance with cash drawer for effective internal control. Also, Faith’s standard of no mistakes may encourage the cashiers to overcharge a few customers in order to cover any possible shortages in the cash drawer.

6 0
3 years ago
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