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miskamm [114]
3 years ago
14

Indirect materials and indirect labor are​ ________ for a manufactured product. A. overhead and product costs B. operating and p

eriod costs C. operating and product costs D. overhead and period costs g
Business
1 answer:
Aleksandr [31]3 years ago
6 0

Answer:

The correct option is D. overhead and period costs.

Explanation:

Indirect materials and indirect labor can be described as the materials and labor that employed or consumed in the manufacturing process but cannot be traced to a particular product.

Overheads refer to cost that cannot be traced to a particular product or any particular cost unit.

Period costs refer to expenditures that are not directly tied to the production process. Period costs are overhead or sales, general, and administrative costs.

Therefore, indirect materials and indirect labor are​ overhead and period costs for a manufactured product.

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A journal entry for a payment for rent expense was posted as a debit to Salaries Expense and a credit to Cash. Which of the foll
LiRa [457]

Answer:

A). The sum of the credits will equal the sum of the debits.

Explanation:

journal entry journal entry can be regarded as record of the business transactions which is made in a accountingbooks of a business.

journal entry that is documented properly will contains correct date as well as amounts to be debited and description of the transaction, it contain amount to be credited as well as a unique reference number.Note that "There is equal amount of credit as well as debit in a journal entry"

Trial balance can be regarded as report that give lists of balances of all general ledger accounts in a firm at a particular point in time, there is compilation of all ledger balance into debit as well as credit account column totals. As rule in trial balance, the total of the debit balances as well as credit balances that is been extracted from the ledger must tally with each other.

7 0
3 years ago
ILL MARK YOU AS BRAINLIEST
kipiarov [429]

Answer: b

Explanation: i just did it on my test and got B

4 0
3 years ago
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Review the statements below and choose the one that correctly describes a controlling account. Multiple choice question. A contr
fgiga [73]

A control account appears in the general ledger and is supported by a subsidiary ledger.

<h3>What is a control account in accounting?</h3>

A control account is known to be a summary-level account that is found the general ledger.

This account is made up of aggregated totals for transactions that are personally stored in subsidiary-level ledger accounts.

Note that;

  • The control account in the general ledger is known as Accounts Payable account.
  • When postings are complete, the subsidiary ledger are said to be equal the balance of the Accounts Payable account in the general ledger.
  • The subsidiary ledger is accurate by preparing a schedule of accounts payable and linking it against the balance in the control account.

Learn more about  controlling account from

brainly.com/question/4656883

3 0
2 years ago
Inputs and outputs Edison's Performance Pizza is a small restaurant in Philadelphia that sells gluten-free pizzas. Edison's very
vodka [1.7K]

Answer:

Edison cannot change the number of ovens he uses because it is fixed resources.

Explanation:

However, Edison's decision regarding how many workers to use can vary from week to week.

Each Monday, Edison lets them know how many workers he needs for each day of the week.

In the short run, these workers are variable resources, and the ovens are fixed resources.

4 0
4 years ago
A person borrows $200 to be repaid in 8 years with 14% annually compounded interest. The loan may be repaid at the end of any ea
max2010maxim [7]

Answer:

Explanation:

The formula to be used in calculation is FV = PV*(1+I)^n

FV - Future value at the end of periods

PV - Present value

r - interest rate

n - number of years

a. The amount due f the loan is repaid at the end of year 1

FV = 200*(1+0.14)^1 = 200*0.14 = $228

b. Repayment at the end of year 4

FV = 200*(1+0.14)^4 = 200* 1.6889 = $337.79

c. The amount due at the end of 8 year

FV = 200*(1+0.14)^8 = 200* 2.85 = $570.51

3 0
3 years ago
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