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 395 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?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

The tracheal system of insects. The tracheal system of insects.
Procedures and Diagnostic Tests Related to the Female Reproductive System Procedures and Diagnostic Tests Related to the Female Reproductive System
The sympathetic and parasympathetic divisions of the autonomic nervous system. The sympathetic and parasympathetic divisions of the autonomic nervous system.
Relationship of the lymphatic system to the cardiovascular system. Relationship of the lymphatic system to the cardiovascular system.
The dorsal-column medial-lemniscus system. The pathways from only one side of the body are shown. The dorsal-column medial-lemniscus system. The pathways from only one side of the body are shown.
Common Systems for Direct DNA Repair Common Systems for Direct DNA Repair
Video: Diversity of Living Creatures - Charles Darwin & the Beagle's Voyage

For a complete list of videos, visit our video library