Question: 1. The Materials Control account is decreased when ________. Select one: a. direct materials are purchased b. indirect materials are sold c. materials are requisitioned

1. The Materials Control account is decreased when ________.

Select one:

a. direct materials are purchased

b. indirect materials are sold

c. materials are requisitioned for production

d. materials are converted to finished goods

2. Payment of the factory rent would require debits and credits to which accounts?

Select one:

a. Debit: Work-in-Process Control account

Credit: Cash

b. Debit: Manufacturing Overhead Control account

Credit: Cash

c. Debit: Cost of Goods Sold account

Credit: Prepaid Rent

d. Debit: Factory Depreciation account

Credit: Accumulated Depreciation Control

3. Payment of the factory rent would require debits and credits to which accounts?

Select one:

a. Debit: Manufacturing Overhead Control account

Credit: Cash

b. Debit: Work-in-Process Control account

Credit: Cash

c. Debit: Cost of Goods Sold account

Credit: Prepaid Rent

d. Debit: Factory Depreciation account

Credit: Accumulated Depreciation Control

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!