Use the Following to Answer Question

question 9

Multiple Choice

Use the following to answer question:
-(Figure: The Production Possibilities for Two Countries) Use Figure: The Production Possibilities for Two Countries.If Indonesia and Malaysia specialize completely in the production of the good of their comparative advantage,the two nations together will produce _____ tires and _____ microchips.

• A)600;800
• B)800;1,200
• C)1,200;1,600
• D)800;600

Recognize the use of time tickets for assigning direct labor costs to jobs.

Differentiate between the documents used for receiving and requisitioning materials.

Grasp the journal entry process for recording materials (both direct and indirect), labor, and overhead costs.

Understand the role of job cost sheets in recording direct and indirect labor costs.

---

Definitions:

Return On Total Assets

A financial ratio that measures a company's efficiency in using its assets to generate profit, calculated by dividing net income by total assets.