The Following Adjusting Journal Entry Does Not Include an Explanation

question 159

Multiple Choice

The following adjusting journal entry does not include an explanation. Select the best explanation for the entry.

• A) Adjust supplies inventory to actual.
• B) Record purchase of supplies.
• C) Reduce supplies expense.
• D) Record sale of supplies.

Describe the characteristics and needs of self-actualizing individuals according to Maslow.

Explain the concept of metamotivation and how it differs from basic deficiency needs.

Understand the application of Maslow's theory to personal growth and the fulfillment of human potential.

Identify the criticisms of psychoanalysis made by humanistic psychologists.

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Definitions:

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to estimate the cost of manufacturing overhead for a specific activity base.

Machine-Hours

An indicator of the time spent in production, calculating the duration in hours that machinery is active during the manufacturing cycle.

Direct Labor-Hours

The accumulated hours spent by workers directly involved in manufacturing activities.

Forming

A manufacturing process used to shape metal or other materials using a combination of pressure and tooling.