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

Author Question: Which account is debited assuming utilities and repairs were on account? Manufacturing overhead ... (Read 132 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
Which account is debited assuming utilities and repairs were on account?
 
  Manufacturing overhead costs incurred for the month are:
 
   Utilities 30,000
   Depreciation on equipment 25,000
   Repairs 20,000
 
  A) Manufacturing Overhead Control, 75,000
  B) Utilities Overhead Control, 30,000
  C) Accumulated Depreciation Control, 25,000
  D) Accounts Payable Control, 50,000

Question 2

Billing/accounts receivable is traditionally part of the AIS.
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

whitcassie

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

Answer: A

Answer to Question 2

T





 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Everyone has one nostril that is larger than the other.

For a complete list of videos, visit our video library