The city council appropriates a portion of the government's current year-end fund balance to eliminate an anticipated budget deficit in next year's budget. Projected expenditures are anticipated to be greater than expected revenues next year
The appropriated portion of the current year's fund balance should be reported as:
a. unassigned fund balance
b. assigned fund balance
c. committed fund balance
d. restricted fund balance
e. nonspendable fund balance
b
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Technological factors are making it feasible for firms to concentrate manufacturing facilities at optimal locations. The major brakes on this trend are:
A. differences in endowment factors. B. transportation costs and trade barriers. C. rising national differences in consumer tastes and preferences. D. growing free trade areas and democracy. E. declining fluctuations in exchange rates.
What amount of direct materials costs is assigned to the ending Work-in-Process account for June?
A) $82,800 B) $62,100 C) $37,240 D) $30,454