The journal entry to issue $500 of direct materials and $30 of indirect materials to production
involves a debit to what account(s)?
A) Work in process inventory for $530
B) Work in process inventory for $500 and indirect materials expense for $30
C) Work in process inventory for $500 and manufacturing overhead for $30
D) Manufacturing overhead for $530
C
Business
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Which of the following is the first step of business portfolio planning?
A) shaping the future portfolio by developing strategies for growth and downsizing B) determining which businesses should receive more, less, or no investment C) identifying internal strengths and weaknesses D) identifying future opportunities E) determining short-term goals
Business
________ is the exchange value of a product or service in the marketplace
A) Utility B) Tangibility C) Price D) Wage E) Salary
Business