Answer the Following Questions Using the Information Below:
Vision Company

question 21

Multiple Choice

Answer the following questions using the information below:
Vision Company manufactures digital cameras. For May, there were no beginning inventories of direct materials and no beginning or ending work-in -process. Conversion costs is the only indirect manufacturing cost category currently used. Journal entries are recorded when materials are purchased and when units are sold.
$\begin{array}{lr}\text { Conversion costs - May } & \$ 100,625 \\\text { Direct materials purchased - May } & \$ 253,575 \\\text { Units produced - May } & 80,500 \text { units } \\\text { Units sold - May } & 77,500 \text { units } \\\text { Selling price } & \$ 20 \text { each }\end{array}$
-Which of the following journal entries properly reflects the purchase of materials under backflush costing?

• A) \(\begin{array} { l }
• \text {Inventory Control }&\$253,575 \\
• \text { accounts payable control}&\$253,575 \\
• \end{array}\)
• B) \(\begin{array} { l }
• \text {Accounts Payable Control }&\$ 253,575\\
• \text { Allocated Costs: Direct Materials}&\$ 253,575\\
• \end{array}\)
• C) \(\begin{array} { l }
• \text {Accounts Payable Control }&\$253,575 \\
• \text { Materials Inwentorw}&\$253,575 \\
• \end{array}\)
• D) \(\begin{array} { l }
• \text {Allocated Costs: Direct Materials}&\$253,575 \\
• \text { Inventorv: Raw and Material}&\$ 253,575\\
• \end{array}\)

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Definitions:

Developed Countries

Nations with advanced technological infrastructure, high standards of living, and comprehensive systems for healthcare, education, and economic activity.

Human Population

Refers to the number of humans living in a specific area or globally, including its growth, density, and distribution.

Death Rates

The ratio of total number of deaths to the total population in a specified community or area over a particular period of time, often expressed per 1000 individuals.

Birth Rates

The number of live births per thousand individuals in a population per year.