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riadik2000 [5.3K]
3 years ago
10

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

Business
1 answer:
Degger [83]3 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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How does management use coded data for decision support
Natasha_Volkova [10]

Answer:

<u>yes</u>

<u>Explanation:</u>

Decision making involves a carefully thought out process about the best course of action, and medical staffs often rely on them in their decision making.

For example, medical staff can evaluate the quality and efficiency of the care they provide by monitoring negative tends that may appear on coded data, Meanwhile management can use their findings from coded data to draft out better health policies for their organization.

3 0
4 years ago
Fill in the price and the total, marginal, and average revenue Vesoro earns when it produces 0, 1, 2, or 3 boxes each day. Quant
Tems11 [23]

Answer:

Demand Curve is same as Average Revenue (AR) curve.

Total Revenue, Marginal Revenue, Average Revenue have been solved below

Explanation:

The demand curve that Vesoro faces is identical to 'Average Revenue' <u>curve</u>. As, AR curve represents average price (P) buyers are willing to pay for a quantity of a commodity.

Average Revenue (AR) is total revenue (TR) per unit quantity. AR = TR/ Q. Total Revenue is the total revenue for all quantities, TR = P x Q

So, Average Revenue = (P x Q) / Q = P ie price. This states that average price willingness to pay is same as AR, demand curve is AR curve.

Assuming perfect competition constant price = $5

Q    P    TR= PxQ   AR= TR /Q   MR (marginal revenue = TRn -TRn-1)

0     5         0                 0                _

1     5          5               5                5

2     5         10              5                5

3     5         15              5                5

7 0
3 years ago
A typed list of 20 manufacturers, broken down as follows: 10 dry goods / 5 frozen goods / 5 refrigerated goods (You must indicat
Roman55 [17]
What the hell are you talking about
3 0
3 years ago
Calvin and Hobbes run a company that sells wallet chains and wallet decals. Calvin is faster at making decals than chains, and H
Yakvenalex [24]

Answer:

Company output will be maximized if Calvin makes all the decals and Hobbes makes all the chains.

-Calvin has a comparative advantage for making decals.

-Hobbes has a higher opportunity cost for making decals than Calvin.

Explanation: Each partner should focus on the task where he has a comparative advantage.

In the situation of Calvins: if someone has a comparative advantage in producing something, that means he also has a lower opportunity cost in practicing that object.

In the situation of Hobbes: if he has a higher opportunity cost for making decals, then Calvin has a lower opportunity cost for making decals.

6 0
3 years ago
Read 2 more answers
The Corporate and Criminal Fraud Accountability Act, also known as _____________ signed by President Bush in 2002, was intended
ollegr [7]

Answer:

The Sarbanes–Oxley

Explanation:

The Sarbanes–Oxley Act of 2002 (Pub.L. 107–204, 116 Stat. 745, enacted July 30, 2002), also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing Accountability, Responsibility, and Transparency Act" (in the House) and more commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law that set new or expanded requirements for all U.S. public company boards, management and public accounting firms. A number of provisions of the Act also apply to privately held companies, such as the willful destruction of evidence to impede a federal investigation.

4 0
3 years ago
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