During March, Z Corp, transferred $56,000 from Work in Process to Finished Goods and sold manufactured goods with a cost of $62,000. Which of the following journal entries would be correct?" a. debit to Work in Process of $56,000 and a credit to Finished Goods of $56,000.
b. debit to Finished Goods of $62,000 and a credit to Cost of Goods Sold of $62,000.
c. debit to Finished Goods of $56,000 and a credit to Work in Process of $56,000.
d. debit to Finished Goods of $62,000 and a credit to Sales of $62,000.

Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses