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kipiarov [429]
3 years ago
8

Manufacturing activities consist of materials, production, and sales activities. The materials activity consists of the purchase

and issuance of materials to production. The production activity consists of converting materials into finished goods. At this stage in the process, the materials, labor, and overhead costs have been incurred and the schedule of cost of goods manufactured is prepared. The sales activity consists of selling some or all of finished goods available for sale. At this stage, the cost of goods sold is determined.
From the list below, select the items that are classified as a materials activity.

a. Raw materials used
b. Raw materials beginning inventory
c. Raw materials purchases
d. Work in process beginning inventory
e. Goods manufactured
f. Direct labor used
g. Factor overhead used
Business
1 answer:
sergey [27]3 years ago
4 0

Answer:

a. Raw materials used

b. Raw materials beginning inventory

c. Raw materials purchases

Explanation:

Note: The materials activity consists of the purchase and issuance of materials to production

Thus, the items that are classified as a materials activity are :Raw materials used, Raw materials beginning inventory and Raw materials purchases

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Answer:

The options for this question are the following:

A) economic

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C) ethical

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The correct answer is C) ethical .

Explanation:

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A change in quantity supplied of a product is the result of a change in
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Demand supply and market equilibrium will have many changes due to change in the quantity of a supplied product.
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During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
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Answer:

Option (c) is correct.

Explanation:

Given that,

Labor costs = $175,000

Production order = $150,000

General factory use = $25,000

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Therefore, the journal entry is as follows:

Work in process A/c Dr. $23,000

       To Factory overhead             $23,000

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6 0
3 years ago
During the process of succession, A. only consumers can enter a developing ecosystem. B. producers typically enter a developing
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Determine the net income of a company for which the following information is available for the month of September. Service reven
Luba_88 [7]

Answer:

Net income                        167,800

Explanation:

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If provided with a tax rate, that value would be the earnigns before taxes (EBT)

We should also calculate the income tax and then, subtract the income tax to get the net income

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