Answer the Following Questions Using the Information Below

question 60

Multiple Choice

Answer the following questions using the information below:
Acme Inc.manufactures air compressors.For July there were no beginning inventories of direct materials,and no beginning or ending work-in-process.Only one indirect manufacturing cost category is currently in use,"Conversion Costs." Journal entries are recorded when materials are purchased and when units are transferred to finished goods inventory.Acme Inc.uses backflush costing.Variances are written off against Cost of Goods Sold when units are transferred to finished goods inventory.The following data pertains to July:

-Which of the following journal entries properly reflects Acme's conversion costs allocated including the disposition of the variance?

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Definitions:

Cerebellum

A region of the brain that plays a vital role in motor control, and is also involved in some cognitive functions such as attention and language.

Dendritic Networks

Complex branching structures of dendrites in neurons that are involved in receiving and integrating synaptic signals.

Gliomas

A type of tumor that occurs in the brain and spinal cord, arising from glial cells.

Meningiomas

A type of brain tumor that arises from the meninges, the protective membranes that cover the brain and spinal cord.