Solution-Which statements false with respect to use of

Which statements false with respect to use of ingredients

Assignment Help Managerial Accounting

Reference no: EM133009978

Problem 1: Pizza Company determined that dough, sauce, cheese and other ingredients costing $8,700 were used to make pizzas during July. Which of the following statements is false with respect to the use of the ingredients?

A) Cost of goods sold was debited for $8,700
B) Expense increased $8,700
C) Income decreased $8,700
D) Inventory was debited for $8,700

Reference no: EM133009978

Questions Cloud

Which factors would likely cause a firm to increase : Which one of the following factors would likely cause a firm to increase its use of debt financing as measured by the debt to total capital ratio?

What net cash flow from financing activities for clothesline : Proceeds from issuance of bonds payable $1,000,000. Payment to purchase equipment $475,000. What is the net cash flow from financing activities?

What is the competitive advantage of an organization : -What is the competitive advantage of an organization that is able to engage a diverse workforce toward meeting company goals?

Concrete picture of the environment : While you may not be personally interested in working at any of these companies, having a deeper understanding of what various companies offer their employees c

Which statements false with respect to use of ingredients : Pizza Company determined that dough, sauce, cheese costing $8,700. Which statements is false with respect to the use of the ingredients?

How cultural differences affect the decision making : When American companies open abroad, they are often shocked at the difference in how employees are recruited, hired, trained, treated and retained.

What are the eight steps to inclusion : In the Unit 2 assignment, you will identify how prejudice and stereotypes impact employee morale and teamwork, and have an opportunity to apply human behavior c

Explain the value of various depreciation methods : Explain the value of various depreciation methods including double declining balance and the sum of the years methods. You should have a total of 4 depreciation

What amount should rose fuel record for the cost of the land : What amount should Rose Fuel record for the cost of the building? What amount should Rose Fuel record for the cost of the land?

User Account

All Pages

Which statements false with respect to use of ingredients

Reference no: EM133009978

Reference no: EM133009978

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

How does the management role in detecting fraud

Find what best method to measure and interpret risk

Which is not a characteristic of job-order costing

Compute how many pounds of raw materials purchased

What is a cash budget-how it is useful

Calculate the required production in both april and may

Calculate the direct materials price and quantity variance.

What the spending variance for bus operating costs

What is the value of the ending inventory of product a

How many games must the team play to break even

Solve for the company break-even point in sales dollars

Determine the limiting factor for peal limited

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT