Answer:
work in process debit
raw materials inventory credit
--to record assignment of DM to work in process--
work in process debit
wages payable credit
--to record assignment of Labor to work in process--
work in process debit
manufacturing overhead credit
--to record assignment of MO to work in process--
Explanation:
We are n't given with numbers but we can determinate the account and were to post the value
a) Our materials stock decrease so we credited. We will debit WIP in order to balance the entry.
b) WIP as qualifies as assets (later it will become finished product that once sold will generate cash for the company) Thus, we need to debited. In the credit side there are two possible options:
if labor weren't paid then it will wages payable. If they were; we will credit cash to represent it.
c) for MO we credit for the allocate amount and debit WIP
At the end of the period, once we got the actual Manufacturing Overhead we will adjust
Answer:
Truth in advertising laws
Explanation:
Because of the Truth in advertising laws, this law requires that you don't bend the truth and to speak honestly about your products, in order to prevent potential harm. What I mean is that you can't say that eating your company's tires will cure cancer without any evidence to support this, because if people were to do that, they could actually form cancer or even die. The federal law says that companies and their ads must be truthful and not misleading.
Answer:
Tax in FIFO method= 0.3*8,740=2,622
Tax in LIFO method= 0.3*8,100= 2,430
Difference- 2,622-2,430=192
Using the FIFO method will result in $192 more in tax than the LIFO method
Explanation:
Drug Abuse Resistance Education (D.A.R.E.) is a police officer-led arrangement of classroom exercises that shows kids (normally in rudimentary or center school) how to remain tranquilize free and oppose peer weight.
According to Rosenbaum and Hanson (1998), D.A.R.E has no critical in general effect on utilizing cigarettes or liquor
They concluded that, Given the tremendous uses in time and cash required with D.A.R.E., no doubt proceeded with endeavors should center around different systems and projects that may deliver more significant impacts.
