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Author Question: Activity based costing system differs from traditional costing systems in the treatment of ________. ... (Read 409 times)

dbose

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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.


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Anna

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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

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Reply #2 on: Jul 5, 2018
Correct answers!


Anna

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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