Question: When scrap is returned to the storeroom, so that it may be used as direct material, which account is debited? A. materials control B. scrap

When scrap is returned to the storeroom, so that it may be used as direct material, which account is debited? 


A. materials control 


B. scrap inventory 


C. manufacturing overhead control


D. work-in-process control 


E. sales of scrap

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The detailed answer for the above question is provided below Answer When scrap is returned to the st... View full answer

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!

Q:

Trevor Harty, an avid mountain biker, always wanted to start a business selling top-of-the-line mountain bikes and other outdoor supplies. A little over 6 years ago, he and a silent partner opened a...

Q:

Youve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual...

Q:

An examination of Frosty Corporations records reveals the following transactions: a. On December 31, the physical inventory of raw material was 9,950 gallons. The book quantity, using the moving...

Q:

An examination of M.J. Inc.'s records reveals the following transactions: a. On December 31, the physical inventory of raw material was 9,950 gallons. The book quantity, using the moving average...

Q:

When scrap is returned to the storeroom, so that it may be used as direct material, which account is debited? Question content area bottom Part 1 A . materials control B . work - in - process control...

Q:

Michael's Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units...

Q:

I have attached the document that has all of the instructions. you can even input the answers Integrative Case - Luke Corporation Part 2 Luke Corporation produces a variety of products, each within...

Q:

Question: Identify two solutions to this issue Bernard Mente, vice president of the Rattan Furniture Division of Oriole Furniture, Inc., was faced with a difficult decision in mid-June. He was...

Q:

Controller, Judy Koch, in a recent speech said, "I rarely see a real variable cost or a truly fixed cost." What did she mean? Include in your response an explanation of the difference in behavior of...

Q:

Please please, I need your asap help, I need you to check if all of this answer are ok? Thanks Regards Name Mid Term Test 1 True False Indicate whether the statement is true or false 1 1 . Management...

Q:

Requireda) Record the transaction in the general journalb) Prepare inventory card for materials using the FIFO methodc) Prepare the accounts in the general ledger and produced a trial balance at...

Q:

Assume that youre a manager in a firm that plans to move to a new building in the suburbs. Outline some major considerations for effecting this change with a minimum of friction among employees.

Q:

Give conformational structures for the major product formed when 1-tert-butylcyclohexane reacts with each of the following reagents. If the product would be obtained as a racemic mixture, you should...

Q:

Use TH pital ' s Rule to find the limit . lim x 0 1 1 x 2 c o s ( x ) - 1 lim x 0 1 1 x 2 c o s ( x ) - 1 = ( Type an exact answer. )

Q:

The following flowchart contains a series of questions to determine what kind of haircut to get. Write a program that asks the questions to the user and outputs the recommended haircut based on the...

Q:

At December 31, 2022, the held-for collection and selling debt portfolio for Steffi Graf SA is as follows. On January 20, 2023, Steffi Graf SA sold security A for 15,100. The sale proceeds are net of...

Q:

The lease term is the noncancelable period for which a lessee has the right to use an underlying asset, modified by any renewal or termination options that are reasonably certain to be exercised, or...

Q:

Two joint products A and B are produced in a process. Data for the process for the last period are as follows: Common production costs in the period were $12 000.There was no opening inventory. Both...

Q:

The 0.6-kg slider is released from rest at A and slides down the smooth parabolic guide (which lies in a vertical plane) under the influence of its own weight and of the spring of constant 120 N/m....

Q:

TSgt Smith is the rater for SrA Johnson and SrA Williams. He was tasked to submit one of his SrA for a quarterly award. Both Senior Airmen perform at a high level, but SrA Johnson has proven to be...

Q:

Garvin Corporation manufactures a children's bicycle, model CT8. Garvin currently manufactures the bicycle frame. During 2016, Garvin made 30,000 frames at a total cost of $900,000. Ryan Corporation...

Q:

User Friendly Computer Inc., with headquarters in Nepean, Ontario, manufactures and sells a premium desktop computer system. User Friendly has three divisions, each of which is located in a different...

Q:

Lets be more practical. DCF is not the gospel. Managers should not become so enchanted with DCF that strategic considerations are overlooked. Do you agree? Explain.

Q:

Read the following case study. Imagine that you are a human resources officer to whom this person is relaying the information. How would you advise this person to operate more effectively in his or...

Q:

Describe your nations worldview (beliefs, values/ethics, rituals).

Q:

Read the following case and answer the questions following it. A few years ago my position at work changed, and I suddenly became responsible for the nursing and ancillary staff on the unit. I had...