This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Activity based costing system differs from traditional costing systems in the treatment of ________. ... (Read 121 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jul 5, 2018
Activity based costing system differs from traditional costing systems in the treatment of ________.
 
  A) direct labor costs
  B) direct material costs
  C) prime costs
  D) indirect costs

Question 2

On October 10, Nikle Company purchased supplies for 1,800 on account. On October 25, Nikle Company paid theinvoice. (a) Provide the journal entry for the purchase on account. (b) Provide the journal entry for the payment of the invoice.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anna

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: D

Answer to Question 2

(a) Oct. 10 Supplies 1,800
Accounts Payable 1,800
Purchased supplies on account.

(b) Oct. 25 Accounts Payable 1,800
Cash 1,800
Paid for supplies on account.


dbose

  • Hero Member
  • *****
  • Posts: 597
Reply #2 on: Jul 5, 2018
Correct answers!


Anna

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

A recombination-based map of one of the chromosomes of Drosophila A recombination-based map of one of the chromosomes of Drosophila
digestive system digestive system
The nervous system. The nervous system.
Chrysler recommends that the bleeder valve be opened whenever refilling the cooling system. Chrysler recommends that the bleeder valve be opened whenever refilling the cooling system.
The evaporative emission control system includes all of the lines, hoses, and valves, plus the ... The evaporative emission control system includes all of the lines, hoses, and valves, plus the ...
Common Systems for Direct DNA Repair Common Systems for Direct DNA Repair
Video: Chloroplast Structure & Light Dependent Reactions (Photosystem 1 and 2 Cyclic Electron Flow)

For a complete list of videos, visit our video library