This topic contains a solution. Click here to go to the answer

Author Question: Activity based costing system differs from traditional costing systems in the treatment of ________. ... (Read 119 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
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
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.





 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

For a complete list of videos, visit our video library