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ycow [4]
3 years ago
13

When Nike purchases it's raw materials it wants to ensure they meet a specific quality management standard worldwide. This will

ensure a quality that is expected by Nike retailers and end users. Nike should purchase it's raw materials from organizations that meet _____________________ standards.
Business
1 answer:
4vir4ik [10]3 years ago
6 0

Answer:

their

Explanation:

Nike should purchase it's raw materials from organizations that meet ______their_______________ standards.

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If the credit to record the purchase of supplies on account is not posted
Ratling [72]
The liabilities will be understated. 
6 0
3 years ago
Scoresby Co. uses 3 machine hours and 1 direct labor hour to produce Product X. It uses 4 machine hours and 8 direct labor hours
beks73 [17]

Answer:

(C) Product X = $880; Product Y = $2,240

Explanation:

The applied overhead will be calculate by the product of the cost diver and the overhead rate:

<u>Cost driver for each product:</u>

Product X   3MH and  1LH

Product Y   4MH and 8LH

<u />

<u>Overhead rate: </u>

240 per machine hour

and 160 per labor hour

Product X   3MH x $240 +  1LH x $160   = 880

Product Y   4MH x $240 +  8LH x $160  = 2,240

4 0
2 years ago
Warner Company purchases $50,100 of raw materials on account, and it incurs $62,800 of factory labor costs. Supporting records s
a_sh-v [17]

Answer:

[Debit] Work In Process : Assembly Department $47,064

[Debit] Work In Process : Finishing Department $19,504

[Credit] Overheads $66,568

Explanation:

Note that overheads are assigned to departments on the basis of 160% of labor costs. Thus, our first point of call is to determine the labor cost for the respective departments. After that we then apply the 160 % to arrive at the Overheads assigned to that department

Step 1

Determine Departmental Labor Cost

Total Labor Costs         =   $62,800

Assembly Department = ( $44,400)

Finishing Department  =    $18,400

Step 2

Determine Overhead Cost for the Departments

Assembly Department ( $44,400 × 160 %) = $47,064

Finishing Department  ( $18,400 × 160 %)  = $19,504

Step 3

Journalize

<em>Debit</em> the Work In Process Account for the respective department and <em>Credit</em> the Overheads Account as above.

5 0
3 years ago
Lol lol lol get points
Reika [66]

lol lol u givin only 15 points

3 0
2 years ago
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What transactions are included in income from continuing operations? briefly explain why it is important to segregate income fro
Advocard [28]
<span>Transactions that are included in continuing operations are income from revenue,expenses, gains and losses.These are the components that will probably continue in future periods. It is important to segregate income from continuing operations from other transactions that affecting net income, because the information will help analysts predicts future cash flows.</span>
3 0
2 years ago
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