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Wittaler [7]
3 years ago
13

What would be the double entry for an issue of indirect production materials? Select one: a. Dr Material control account Cr Fini

shed goods control account b. Dr Production overhead control a/c Cr Material control account c. Dr Work-in-progress control account Cr Material control account d. Dr Work-in-progress control account Cr Production overhead control a/c
Business
1 answer:
sattari [20]3 years ago
4 0

Answer:

b. Dr Production overhead control a/c Cr Material control account.

Explanation:

Indirect material in the production process is defined as those input that cannot be directly traced to the product. They are different from direct materials like raw materials that are used to make the product.

Indirect materials are classified as overhead.

The double entry for issue of indirect materials is:

Debit production overhead

Credit raw materials inventory (material control account)

Note direct production materials and indirect production materials are credited to material material control account on purchase.

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Without _____, businesses would find it difficult, if not impossible, to buy more raw materials, hire more employees, attract mo
KatRina [158]

Answer:

High prices

Explanation:

High prices are a term that describes the expensive value of products in comparison with other similar products or the raw materials used in the production. However, with the increase in the price of a product, the quantity supplied increases as well. This will result in the following:

1. High profits

2. Attraction to create additional products.

3. Increased revenues

4. More capacity of companies to buy more raw materials

5. Capacity to employ more worker

Hence, the right answer is HIGH PRICES

7 0
3 years ago
In one hour, the United States can produce 25 tons of steel or 250 automobiles. In one hour, Japan can produce 30 tons of steel
Whitepunk [10]

Answer:

For USA

Opportunity cost of 1 ton of steel = 250 / 25 = 10 automobiles

opportunity cost of 1 auto mobile = 25 / 250 = 0.1 ton of steel

For Japan

Opportunity cost of 1 ton of steel = 275 / 30 = 9.17 automobiles

opportunity cost of 1 auto mobile = 30 / 275 = 0.109 ton of steel

Japan will produce steel and US will produce automobile

option D is correct answer

Explanation:

3 0
3 years ago
Which of the following best describes the consideration on the part of an insurer?
ehidna [41]

Answer:

B) The promise to pay in the event of a covered claim

Explanation:

The promise to pay in the happening of a covered claim apparently describes the promise to pay in the process of covered claim. In insurance matter of contracts, the insurer assures to pay for covered losses which the insured suffers and the insured promises to do what the contract says and pay the premium. Most non insurance contracts are fluctuating contracts. The amount of attention given by both parties are almost equivalent.

4 0
3 years ago
Once you've found your target market, your business is on track, and your customers seem satisfied, ongoing market research can
Murljashka [212]

Answer:

1st question: B. inform you of coming trends.

Even after understanding your customer segment and satisfying your customers, you have to keep up with the market trends and the changing needs of customers if you need to be successful.

2nd question: C. Provide check boxes for each choice.

A simple question and check box type questionnaire is the best way to get customer feedback as it consumes less time to fill.

Explanation:

4 0
3 years ago
How is a subculture different from a culture?
Yuri [45]

Answer:

Culture is the ability to define a group of people. subculture is a group within a culture that differs from the general consensus.

6 0
3 years ago
Read 2 more answers
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