Which of the Following Journal Entries Definitely Contains an Error

question 25

Multiple Choice

Which of the following journal entries definitely contains an error?

• A) \(\begin{array}{lr}
• \text { Raw-Material Inventory } & 200,000 \\
• \text { Direct-Material Price Variance } & 5,000\\
• \text { Accounts Payable }&205,000
• \end{array}\)
• B) \(\begin{array}{lr}
• \text { Raw-Material Inventory } & 38,000 \\
• \text { Direct-Material Price Variance } & 2,000 \\
• \text { Accounts Payable } & 36,000
• \end{array}\)
• C) \(\begin{array}{lr}
• \text { Raw-Material Inventory } & 156,000 \\
• \text { Direct-Material Price Variance } & 8,000 \\
• \text { Work-in-Process Inventory } & 148,000
• \end{array}\)
• D) \(\begin{array}{lr}
• \text { Work-in-Process Inventory } & 67,000 \\
• \text { Direct-Material Quantity Variance } & 3,000\\\text { Raw-Material Inventory }&70,000
• \end{array}\)
• E) \(\begin{array}{lr}
• \text { Work-in-Process Inventory } & 79,000 \\
• \text { Direct-Material Quantity Variance } & 4,000 \\
• \text { Raw-Material Inventory } & 75,000
• \end{array}\)

Grasp the basic concepts of chemical reactions and the role of oxidizing and reducing agents.

Comprehend the principles of evaporative cooling and specific heat.

Analyze and predict the solubility of substances in water based on their chemical characteristics.

Understand the nature of ionic bonds and their formation between atoms.

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Definitions:

HR Estimates

Projections or predictions about future HR needs and resources, including staffing levels, budgeting for salaries, and training requirements.

Projection

Several HR estimates based on a variety of assumptions.

Norm-based Rules

Guidelines or standards of behavior that are based on societal or cultural norms within a specific community or group.

Forecasting Method Categories

The classification of different approaches and techniques used to predict future aspects of business operations, such as sales and market trends.