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riadik2000 [5.3K]
2 years ago
10

The journal entry to record direct labor used in process costing is a(n):___________

Business
1 answer:
Degger [83]2 years ago
3 0

Answer:

b. increase in assets and an increase in liabilities.

Explanation:

The journal entry to record the direct labor cost used is shown below:

Work in process Dr

   To wages payable

(Being the direct labor cost used is recorded)

Here the work in process is debited as it increased the assets and credited the wages payable as it also increased the liabilities

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Explain why to maximize profits a firm needs to produce an output at a level where marginal revenue
Orlov [11]

Answer:

Rest of question:

... equals marginal cost.

Firms will maximize profits at the point where marginal revenue equals marginal cost because producing after this point means that no profits will be made.

As long as the Marginal revenue exceeds marginal cost, there will be profits made because the company is making more than it is spending so they should keep producing. When it gets to a point in production where the marginal revenue equals marginal cost, the company should not produce further than that.

This is because, as earlier mentioned, any further production would result in the marginal cost being larger than the marginal revenue which means that a loss will be made. The company should therefore stop at the point where MR = MC so as not to let MC get larger than MR so that no losses will be made.

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2 years ago
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irga5000 [103]

Answer:

So then as we can see if the demand is constant the first sold would be the correct answer for this case. Because assuming the demand constant and we have more than 1 supplier with the same price the first one would sold the good or service on this case the house.

Explanation:

The law of demand and supply "is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services".

So then as we can see if the demand is constant the first sold would be the correct answer for this case. Because assuming the demand constant and we have more than 1 supplier with the same price the first one would sold the good or service on this case the house.

6 0
3 years ago
If my friend suzette worked for a total of 7 hours. how much should she be paid​
Ira Lisetskai [31]

Answer:

That would depend on the job that was done

Minimum wage would suffice depending on what state you're in

Or you could just look out for a friend and pay a fair price plus maybe something extra

Explanation:

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3 years ago
How does maggie stead make fizz in the coca cola cans?
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A recent social media promotion gathered headlines for humanizing what landmark building in new york city?.
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A recent social media promotion gathered headlines for humanizing a landmark building in new York city made in C NN news.

<h3>What is landmark?</h3>

This is known to be a thing such as  building, a large tree, or a statue. It is one that can easily be seen and that can help a person find the way to a place near it.

It is also known to be a building that has historical importance. There was a recent social media promotion gathered headlines for humanizing a landmark building in new York city.

learn more about Landmark from

brainly.com/question/24416657

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