Why is there a direct-materials inventory account but no direct-labor inventory account on a manufacturing companys balance
Question:
Why is there a direct-materials inventory account but no direct-labor inventory account on a manufacturing company’s balance sheet?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
ANSWER Direct materials inventory refers to the raw materials or components that a manufa...View the full answer
Answered By
User l_917591
As a Business Management graduate from Moi University, I had the opportunity to work as a tutor for undergraduate students in the same field. This experience allowed me to apply the theoretical knowledge I had gained in a practical setting, while also honing my teaching and communication skills.
As a tutor, I was responsible for conducting tutorial sessions, grading assignments and exams, and providing feedback and support to my students. I also assisted with the preparation of course materials and collaborated with other tutors and professors to ensure consistency in teaching and assessment.
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction To Management Accounting
ISBN: 9781292412566
17th Edition, Global Edition
Authors: Charles Horngren, Gary L Sundem, Dave Burgstahler
Question Posted:
Students also viewed these Business questions
-
D Hawk entered the market in early 2018. D Hawk manufactures camera drones, selling primarily to retailers. D Hawk is pleased with its financial performance over its first few years of operations,...
-
master budget case camdrone as part of the continued advancement of technology, a drone camera market has emerged in recent years the drone camera market has been growing as more photography...
-
The Thompson Toy Company manufactures toy building block sets for children. Thompson is planning for 2017 by developing a master budget by quarters. Thompsons balance sheet for December 31, 2016,...
-
Describe how a noninsulating allocation promotes cooperation among managers and encourages mutual monitoring.
-
Pappas Corp. paid $5,250,000 for 1,500 acres of land. The company plans to sell the trees on the land to a lumber company. After the land is cleared, Webster believes the land will have a value of...
-
What are soil horizons?
-
Explain the following pairs in relation to each other: a. Method and operation b. Event and state. c. Interaction and message.
-
1. The film sequence shows three people interacting in a work environment. Which aspects of organizational behavior discussed in this chapter appear in this sequence? 2. The three people in this...
-
Analyze your favorite company's and its main competitor's Facebook and perform a competitive content analysis, specifically the type of content they publish. You will quickly learn that not all...
-
Use Gaussian elimination and three-digit chopping arithmetic to solve the following linear systems, and compare the approximations to the actual solution. a. 0.03x1 + 58.9x2 = 59.2, 5.31x1 6.10x2 =...
-
What is benchmarking? What do companies use it for? How do they determine benchmarks?
-
Distinguish between costs and expenses.
-
If a business purchases a calculator on account, the accounts affected by this transaction are a. Cash in Bank and Accounts Payable. b. Office Equipment and Accounts Receivable. c. Office Equipment...
-
Schein's career life cycle is well known; discuss two of the nine stages of the classic view of a career. Explain why you selected these two out of the nine. What are some ways to reduce intergroup...
-
Textile innovation has revolutionized the way people view textiles. Research a textile innovation that is new to you and sustainable at the same time. Where can brands purchase the textile in bulk?...
-
A Culvert is to be staked out for new Highway Construction along a tangent section of the road. The station and offset information for each end of the culvert is Sta. 31+48.35, 42' left, and...
-
1. Answer all the questions a) "Strategy Map is one of the important tools to translate the company's strategic Human resources management policies and practices " Explain the statement with...
-
Determining Possible Side Lengths Mr. Anderson is building a triangular-shaped roof for his shed. The triangle must be isosceles with its base (noncongruent ) side measuring 14 feet.
-
Suppose the firm has only three possible scales of production as shown below: a. Which scale of production is most efficient when Q = 65? b. Which scale of production is most efficient when Q = 75?...
-
From a medical tourist perspective, compare Shouldice with the traditional hospital in terms of the key factors of competition. Using Table 15-3, why would Shouldice attract patients from outside the...
-
What is benchmarking? What do companies use it for? How do they determine benchmarks?
-
Name four steps in the design and implementation of an ABC system.
-
During seminars on ABM, participants often ask about the difference between ABC and ABM. Explain briefly. Why is this important to managers?
-
import java.util.ArrayList; import java.util.List; public class Zigzag { public static List zigzag(List array) { int height = array.size() - 1; int width = array.get(0).size() - 1; List result...
-
Question: Sample Data (Input File): 1. Write a class definition named PopularName with the following attributes: a. name: String b. count: int c. sex: char You are to define all required methods...
-
How does the multinational structure of an organization affect HR practices in the home country? Explain
Study smarter with the SolutionInn App