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
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