the right answer is TRUE, i got it wrong for putting it as false
Answer:
D. $80,000
Explanation:
When costs are incurred during manufacture, they are debited to the Work In Process Account.
Note that, ABC charges direct materials to WIP and indirect materials are charged to the Factory Overhead account.
Total Direct Materials = Total Materials Issued to Production - Indirect Materials Issued to Production
therefore,
Total Direct Materials = $110,000 - $30,000 = $80,000
Conclusion :
The debit to Work-in-Process Inventory account for materials is $80,000
Answer:
The production quality deviates from the standard. Production should de stopped.
Explanation:
Quality management is the process of detecting and reducing or eliminating errors in manufacturing. The focus of the process is to improve the quality of an organization's outputs.
The company standard of production is that 98,3% of their stitching must be straight. The quality can't be lower than that percentage. Any deviation must be analyzed and fixed.
In this case, 81% of the baseballs reach the minimum standard. The production should be stopped to find the cause of the deviation.
Answer:
a. greater variety and lower prices
Explanation:
Due to the comparative advantages, countries can produce the product that they have proficiency. For example, if there are 2 countries, A and B. A have a skill of producing tasty wine, they can produce better quality of wine than B with the lower cost. When the trade barriers are reduced, the wine from A will be sold in B, the customer will have more choices of wine in the market and the price will relatively less different comparing to the price when the high barriers exist.
