Anderson Enterprises uses a job costing system. Record the following transactions In Anderson Enterprises? general journal for the current month: A. Purchased raw materials on account, $82,000 B. Requisitioned $41,300 of direct materials and $9,000 of indirect materials for use in production. C. Factory payroll incurred, $110,000; 75% direct labor, 25% Indirect labor D. Recorded depreciation expense factory equipment $15,000, and other manufacturing overhead of $56,200 (credit accounts payable). E. Allocated manufacturing overhead costs based on 125% of direct labor costs. F. Cost of completed production for the current month, $133,000. G. Cost of finished goods sold, $112,000; selling price, $162,000 (all sales on account).

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified