Answer the Following Question Using the Information Below:
Cronulla Products

question 31

Multiple Choice

Answer the following question using the information below:
Cronulla Products uses a normal cost system and had the following data available for 2018:
$$\begin{array} { l c } \text { Direct materials purchased on account } & \$ 74000 \\\text { Direct materials requisitioned } & 41000 \\\text { Direct labour cost incurred } & 65000 \\& \\\text { Factory overhead incurred } & 73000 \\\text { Cost of goods completed } & 146000 \\\text { Cost of goods sold } & 128000 \\& \\\text { Be ginning direct materials inventory } & 13000 \\\text { Beginning WIP inventory } & 32000 \\\text { Beginning firished goods inventory } & 29000 \\\text { Overhead application rate, } & \\\text { as a percent of direct-labour costs}&125 \text { percent } \end{array}$$
-The journal entry to record the materials placed into production would include a:

• A)debit to WIP Inventory for $74 000.
• B)debit to Direct Materials Inventory for $74 000.
• C)credit to Direct Materials Inventory for $41 000.
• D)credit to WIP Inventory for $41 000.

Comprehend the purpose and limitations of organization charts.

Identify the components of a successful organization design and its alignment with organizational strategy.

Understand the impact of external factors such as competitors on organization design.

Recognize the importance of task delegation, culture, power, and job design in organization design.

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Definitions:

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Jet Lag

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