1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Digiron [165]
3 years ago
10

In January, Knox Company requisitions raw materials for production as follows: Job 1 $936, Job 2 $1,690, Job 3 $767, and general

factory use $667.
Prepare a summary journal entry to record raw materials used:

DEBIT CREDIT
Work in Process Inventory
Jan 31. Manufacturing Overhead
Raw Materials Inventory
Business
1 answer:
oksano4ka [1.4K]3 years ago
5 0

Answer:

Materials used in production go to Work in Process so;

= 936 + 1,690 + 767

= $3,393

The materials used in the general factory will go to Manufacturing Overhead.

Date                                                                         Debit                   Credit

Jan 31   Work in Process                                     $3,393

             Manufacturing Overhead                      $   667

             Raw Materials Inventory                                                    $4,060

You might be interested in
Which describes the role of automatic stabilizers in the economy?
mart [117]
Automatic stabilizers have a similar impact as discretionary fiscal policy but occur automatically, without action by the government. Automatic stabilizers increase aggregate demand during recessions and reduce aggregate demand during expansions.
4 0
4 years ago
Cynthia always buys whichever brand of paper towels is on sale, even if it is not the highest quality towel. her paper towel buy
Ann [662]

Single feature model

In this case, the single feature that Cynthia cares about is price. The single feature model works well for simple decisions, but most purchases require more thought. For example, buying a house based solely on price would be a terrible idea because it might be in a bad neighborhood or terrible condition.

6 0
3 years ago
You believe that the spread between the september s&p 500 future and the s&p 500 index is too large and will soon correc
Dvinal [7]

You believe that the spread between the September s&p 500 future and the s&p 500 index is too large and will soon corrected. to take advantage of this mispricing, a hedge fund should <u>sell S&P 500 Index futures and buy all the stocks in the S&P 500.</u>

A fund is an investment allocated for a specific purpose. The fund's cash pool is often professionally invested and managed. Some common types of funds are pension funds, insurance funds, endowments, and endowments.

Funds are formed by pooling funds from multiple investors. A fund is a pool of funds available for a specific purpose. A professional manages the money and invests it in securities. Fund managers manage funds and use several strategies to effectively invest their funds.

Learn more about Funding here: brainly.com/question/25887038

#SPJ4

5 0
2 years ago
Unemployment is often called a lagging or trailing indicator because unemployment tends to rise some time after the economy begi
andrezito [222]

Answer:

B) firms reduce hours before laying off when the economy is in recession, and increase hours before hiring when the economy expands.

Explanation:

In the case when the output falls so the workers would not be laid off in a direct manner. In the first time the labor would be decreased so that the demand could be analyzed. The same would be happen in that case also where the growth picked up

Therefore in the given case, the option B is correct

And the other options are wrong

7 0
3 years ago
There are only two consumers in a market, Harry and Hermione. Harry is willing to buy 12 magic wands when the price is $20 per w
Blizzard [7]

Answer:

The answer is 14

Explanation:

8 0
3 years ago
Other questions:
  • Which of the following government policies is least likely to increase the standard of living in the United States?Investment in
    14·1 answer
  • A year ago, Kevin went to work for B&amp;G, Inc. He has worked for the finance department ever since he started. He noticed that
    14·1 answer
  • _________ is a portfolio analysis model developed by the Boston Consulting Group that assesses the potential of successful produ
    15·1 answer
  • perline, inc., has balance sheet equity of $6.2 million.At the same time, the income statement shows net income of $948600. The
    11·1 answer
  • Knowledge Check 04 On December 29, 2015, Patel Products, Inc., sells a delivery van that cost $20,000. The equipment had accumul
    8·1 answer
  • The amount a borrower pays for a loan is called
    15·1 answer
  • ZOOm you there lets get on.
    12·2 answers
  • 4 causes of small business failure​
    5·1 answer
  • What is the goal of effective marketing research studies?
    12·1 answer
  • Assume that Seiden Company gains control of Rimco, its subsidiary, with the purchase of a 40% interest paid in cash. The Equity
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!