Olson corporation constructs new homes. assume that olson uses a job costing system. during may 2010, the following transactions occurred: olson purchased $4,500 of lumber on account. olson used $3,750 of lumber in production and incurred 50 hours of direct labor hours at $15 per hour. depreciation of $1,500 on equipment used to build new houses was recorded. a house that was completed last period at a cost of $150,000 was sold for $180,000 in cash. the journal entry to record the requisition of lumber for olson would include a select one:

a. debit to materials inventory of $3,750.
b. debit to work-in-process of $3,750
c. credit to finished goods of $3,750.
d. debit to work-in-process of $4,500.

Need with my trade theory homework. i doubt what i wrote was right.consider a monopolistically competitive market for soft drinks in which n symmetric firms face the following demand function: q=s(1/n-b(p-(p with the straight line on which implies the marginal revenue functionmr=p-(q/sb)finally, suppose firms face the total cost functiontc=900,000+100qsuppose the market size, s, is 27,000,000, and the elasticity parameter b is 0.003.diagram the price and the average total cost in the market as a function of the number of firms. what are the equations for each curve, and why does each curve slope up or down? label the equilibrium number of firms and the equilibrium price in the diagram. why is this the equilibrium?

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right