Altima Inc

question 86

Multiple Choice

Altima Inc.finished Job A40 on the last working day of the year.It utilized $400 of direct materials and $3,600 of direct labor.Altima uses a predetermined overhead allocation rate based on percentage of direct labor costs which has been fixed at 40%.The entry to record the completion of the job should involve a ________.

• A)debit to Finished Goods Inventory $5,440 and a credit to Materials Inventory $5,440
• B)debit to Cost of Goods Sold $5,440 and a credit to Finished Goods Inventory $5,440
• C)debit to Finished Goods Inventory $5,440 and a credit to Work-in-Process Inventory $5,440
• D)debit to Work-in-Process Inventory $5,440 and a credit to Finished Goods Inventory $5,440

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Definitions:

Current Culture

Refers to the prevailing trends, beliefs, norms, and practices that characterize society at a given time.

Sexuality

The capacity for sexual feelings and the way individuals experience and express themselves as sexual beings.

Repressive

Characterized by the restraint, prevention, or inhibition of expression, action, or activity, often used with regard to social, political, or personal control.

Sexual Content

Material that depicts or describes sexual acts or themes, often used in media and literature.