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there are 5 easiest accounting questions. please anwer them all for a thumps up and feedback. [Ch2] Company D's factory requisitioned Direct Materials costing $55,000
there are 5 easiest accounting questions. please anwer them all for a thumps up and feedback.
[Ch2] Company D's factory requisitioned Direct Materials costing $55,000 in total. You're to make a journal entry to record this transaction. Which account do you have to credit? Select one: a. Work in Process. b. Raw Materials Inventory. c. Manufacturing Overhead. d. Raw Materials Purchases. Ch2] The formula for calculating the determi [Ch2] The formula for calculating the predetermined manufacturing overhead rate is the estimated annual overhead costs divided by estimated annual operating activity, expressed as tion Select one: a machine hours b. direct labor hours c, direct labor cost. d. All listed choices are correct. [Ch2] Cost accounting involves the measuring, recording, and reporting of Select one: a product costs. b. future costs. c. managerial accounting decisions. d. manufacturing processes. [Ch2] In accumulating raw materials costs, companies debit the cost of raw materials purchased in a perpetual system to Select one: a. Raw Materials Purchases b. Work in Process c. Purchases. d. Raw Materials Inventory [Ch2] Which of the following would be more likely to use a job costing system? Select one: a. oil refinery b. law firm C. soft drink bottler d. Candy factory Step by Step Solution
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