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 311 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?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra
Female Reproductive system Female Reproductive system
The patient's signature on the informed consent form indicates that the patient understands the The patient's signature on the informed consent form indicates that the patient understands the
Performing Transmission-Based Precaution: Isolation Techniques Performing Transmission-Based Precaution: Isolation Techniques
The effects of undernourishment on the body systems. The effects of undernourishment on the body systems.
The Human Olfactory System The Human Olfactory System
Video: DNA close up Animation

For a complete list of videos, visit our video library