Suppose $20,000 of raw materials is withdrawn from the storeroom to be used In production. Of this amount $15,000 consists of direct materlals and $5,000 consists of Indirect materials.
What account or accounts will be debited?
a. Raw Materials $15,000 and Manufacturing Overhead $5,000
b. Work in Process $15,000 and Raw Materials $5,000.
c. Manufacturing Overhead $15,000 and Work in Process $5,000
d. Work in Process $15,000 and Manufacturing Overhead $5,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose $20,000 of raw materials is withdrawn from the storeroom to be used In production. Of this amount $15,000 consists of direct ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Fact Pattern 20-1 O'Hara takes temporary family leave from her job at Property Management Company to care for a family member with a serious injury incurred as a result of military duty. Refer to Fact Pattern 20-1.
Answers (2)
Village Corp., a calendar year corporation, began business in year 1. Village made a valid S corporation election on December 5, year 4, with the unanimous consent of its shareholders.
Answers (1)
State and explain the law of diminishing marginal return
Answers (1)
Terrence and his family own a farm in a remote region of chile. they farm only enough to produce enough food to feed the family, and pay their taxes. what are terrence and his family engaging in?
Answers (1)
Add and simplify 9/19 = 1/2
Answers (1)
New Questions in Business
Liquidity refers to Group of answer choices the ease with which an asset is converted to the medium of exchange. the measurement of the intrinsic value of commodity money. the measurement of the durability of a good.
Answers (1)
Why is there overlap among markets for financial assets?
Answers (2)
In general, the supply chain starts with A. final customers at the retail store. B. the provider of basic raw materials. C. research and development. D. a distributor.
Answers (1)
True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.
Answers (1)
Travis is employed in a logistics company. How can he best avoid workplace hazards? A. by staying seated at his desk B. by avoiding hazardous work C. by wearing safety goggles D. by maintaining an uncluttered workplace E.
Answers (1)