Business, 13.12.2019 02:31 MarMarMar07

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.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 18:10

Nestlé, a global food company headquartered in switzerland, provides its customers in each country with highly differentiated and customized products that fit the tastes and preferences of the local population. nestlé invests considerable resources in developing and maintaining a strong brand name that complements its high-quality product offerings across the globe. which of the following best fits nestlé's global strategy? 1. international strategy2. multi-domestic strategy3. global standardization strategy4. transnational strategy

Answers: 2

Answer

Business, 21.06.2019 22:20

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?

Answers: 2

Answer

Business, 21.06.2019 22:30

What is the connection between digital transformation and customer experience

Answers: 2

Answer

Business, 22.06.2019 00:40

Gdonald was unhappy that his company did not provide good transport facilities. he found it very strenuous to drive to work on his own, and this eventually led to job dissatisfaction. hence, he recommended ways to solve this problem. according to the evln model, this information suggests that donald's main reaction to job dissatisfaction was:

Answers: 3

Answer

You know the right answer?

Olson corporation constructs new homes. assume that olson uses a job costing system. during may 2010...

Questions