User Account

All Pages

Problem on job order cost system

Assignment Help Accounting Basics
Reference no: EM13144712

Harna, Inc. uses a job order cost system. During the year the company decreased Manufacturing Overhead by $400,000. Which of the following most likely should be recorded at the same time?

A. A debit to Work in Process Inventory

B. A credit to Raw Materials Inventory

C. A debit to Cost of Goods Manufactured

D. A credit to Finished Goods Inventory

Reference no: EM13144712

Questions Cloud

What would the new volume of the gas be : A sample of hydrogen occupies a volume of 1.20 liters at a pressure of 425 kilapascals. If the temperature of the gas is constant, what would the new volume of the gas be at 615 kilapascals?
Journal entries of quinones county general fund : Prepare the journal entries (budgetary and actual) to record the following transactions of the Quinones County General Fund.
Why is marginal analysis important in economics : what is Marginal Analysis and why Is Marginal Analysis Important in Economics? (c) What is the role of Marginal analysis?
State and federal laws govern bond issuances : State and federal laws govern bond issuances. What are the contract rate and market rate for bonds? Why can they be different?
Problem on job order cost system : Harna, Inc. uses a job order cost system. During the year the company decreased Manufacturing Overhead by $400,000. Which of the following most likely should be recorded at the same time?
Probability that patients be relieved of nasal congestion : The new drug is administered to 300 patients with the condition. What is the probability that more than 265 will be relieved of nasal congestion?
How many grams of oxygen are collected in a reaction : How many grams of oxygen are collected in a reaction where 222 mL of oxygen gas is collected over water at a temperature of 25°C and a total pressure of 697 torr?
Homemade dividend in two years : The required return on Avondale stock is 15 percent. If you want only $225 total in dividends the first year, what will your homemade dividend be in two years.
Determining inventoriable cost per unit : Variable selling and administrative expenses are $1 per unit, and fixed selling and administrative costs are $3,000 in total. According to generally accepted accounting principles, inventoriable cost per unit of Big would be:

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the significance of the acquisition date

Explain the consequences of NOT eliminating a sale and purchase of a fixed asset between two companies within the group. Assume that the sale and purchase has resulted in a loss on sale.

  Initial value method in accounting for the combination

One company acquires another company in a combination accounted for as an acquisition. The acquiring company decides to apply the initial value method in accounting for the combination. What is one reason the acquiring company might have made this..

  Basics of variable costing income statements

Prepare a new income statement for the year using variable costing. Comment on the differences between the absorption costing and the variable costing income statements.

  What is a letter of credit

What are 4 examples of international Risks and Benefits.

  Date of the financial statements

At the date of the financial statements, common stock shares issued would exceed common stock shares outstanding as a result of the

  Objective questions - accounting questions

A is a fixed expense; B is a variable cost. During the current year the level of activity has reduced but is still within the relevant range.

  Year-end unadjusted trial balance

Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.0% of sales. Prepare the December 31 year-end ad..

  How much of retained earnings is available for dividends

Hutchinson Company had retained earnings of $10,000 on the balance sheet but disclosed in the footnotes that $2,000 of retained earnings was restricted for plant expansion and $1,000 was restricted for bond repayments. Cash of $2,000 had been set ..

  Practice problem for types of cost

In the Mattel factory they are spending hours upon hours making the new action figures for the upcoming film MATRIX IV-THE RISE OF NEO.

  Theory of corporate governance

Identify and briefly explain both a theory of corporate governance that supports a formal regulatory approach and a theory that supports a voluntary, self -regulation approach.

  Equivalent units for conversion costs

Equivalent units for materials total 20,000. There were 16,000 units completed and transferred out. Equivalent units for conversion costs equals 18,000. How much are the physical units for conversion costs if ending work in process is 50% complete..

  Problem of ira math

If a 22 year (Sam) invested $4,000/year into a Roth IRA until his 30th year, what will the value of that IRA be in the 65th year, assuming 8% per year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd