A Firm That Has Implemented JIT Had the Following Transactions $\begin{array}{ll}\text { Materials and in Process Inventory } & 50,000 \\\text { Work-in-Process Inventory } && 50,000\end{array}$

question 13

Multiple Choice

A firm that has implemented JIT had the following transactions:
1. Materals were purchased an account for $50,000
2. Materials were placed inta production.
3. Actual direct labour costs were $16,000.
4. Actual averhead costs were $30,000.
5. Conversion costs applied were $52,000.
6. All work was completed for the month.
7. All completed work was sald.
8. The variance is recoprized.
-Refer to the figure.What will be the entry to record materials placed into production using the back flush approach?

• A)\(\begin{array}{ll}
• \text { Materials and in Process Inventory } & 50,000 \\
• \text { Work-in-Process Inventory } && 50,000
• \end{array}\)
• B)\(\begin{array}{lll}
• \text { Materials Inventory } & 50,000 & \\
• \text { Accounts Payable } && 50,000
• \end{array}\)
• C)\(\begin{array}{lr}
• \text { Work-in-Process Inventory } & 50,000 \\
• \quad \text { Materials and in Process Inventory } && 50,000
• \end{array}\)
• D)No entry is required

Understand the dynamics of social perception changes over time (e.g., recency effect).

Recognize the discrepancy between attitudes and behaviors and its psychological implications.

Understand the components of love in relationship dynamics.

Describe the principles of social perception in understanding and evaluating others.

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Definitions:

Older Smokers

Individuals of advanced age who engage in the habit of smoking tobacco, facing increased health risks.

Younger Smokers

Individuals, typically adolescents or young adults, who engage in the habit of smoking tobacco products.

Smoke-Free Workplaces

Work environments where the use of smoking products, such as cigarettes, is prohibited to ensure the health and safety of all employees.

Worker Satisfaction

The extent to which employees are content with their jobs, including aspects such as conditions, rewards, and recognition.