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Author Question: On October 30, Damien Lawson withdraws 3,330 from JumpStart for personal use. Journalize this ... (Read 78 times)

notis

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on: Jul 5, 2018
On October 30, Damien Lawson withdraws 3,330 from JumpStart for personal use. Journalize this event.

Question 2

Which of the following statement is true of Hebar's setup costs under traditional costing?
 
  A) L3 pack is undercosted by 5,550
  B) L7 pack is undercosted by 5,450
  C) L3 pack is overcosted by 5,550
  D) L7 pack is overcosted by 5,550


olderstudent

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Oct. 30 Damien Lawson, Drawing 3,330
Cash 3,330
Withdrew cash forpersonal use.

Answer to Question 2

Answer: C


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