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Question
If Department C uses $10,000 of direct materials and Department D uses $15,000 of direct materials, the following journal entry would be recorded by the process costing system:Work in Process Inventory, Department C 10,000
Work in Process Inventory, Department D 15,000
Raw Materials Inventory"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. 25,000
Answer
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
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Given the following data, calculate product cost per unit under variable costing.
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Total fixed overhead $85,000
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Given the Cool Pools Company data, what is net income using absorption costing?
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