PRO,Inchad the Following Activities During Its Most Recent Period of Operations

question 36

Essay

PRO,Inc.had the following activities during its most recent period of operations:
(a)Purchased raw materials on account for $140,000 (both direct and indirect materials are recorded in the Raw Materials Inventory account).
(b)Issued raw materials to production of $130,000 (80% direct and 20% indirect).
(c)Incurred and paid labor costs of $250,000 cash (70% direct and 30% indirect).
(d)Incurred factory utilities costs of $20,000; this amount is still payable.
(e)Applied overhead at 80% of direct labor costs.
(f) Recorded factory depreciation,$22,000.
Prepare journal entries to record the above transactions.

Understand the role of the environment and unconscious motives in shaping behaviour according to behavioural and psychoanalytic perspectives.

Recognize the impact of psychoanalytic theory on psychology, including its influence on developmental and abnormal psychology.

Appreciate the significance of consciousness and its purpose as viewed within different psychological perspectives.

Understand the concept of learning through behaviour modification and the role of environmental stimuli.

---

Definitions:

Initial Inventory

The amount of stock a company has on hand at the beginning of a financial or inventory period.

Regular Time Cost

The cost associated with normal operating hours or work performed during standard working times, excluding overtime or premium pay rates.

Varying Inventory Levels

Adjusting the amount of stock on hand to meet changing demand conditions or to maximize operational efficiency.