Business, 21.12.2019 00:31 Masielovebug
Abc company uses a materials inventory account to record both direct and indirect materials. abc charges direct materials to wip, while indirect materials are charged to the factory overhead account. during the month of april, the company has the following cost information: total materials (direct and indirect) purchased $90,000
indirect materials issued to production 30,000
total materials issued to production 110,000
beginning materials inventory 50,000
the credit to the materials inventory account for materials used is:
Answers: 1
Business, 22.06.2019 19:40
Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.
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Business, 23.06.2019 00:30
In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.
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Abc company uses a materials inventory account to record both direct and indirect materials. abc cha...
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