Schinkel Corporation Has Provided the Following Data Concerning Its Most

question 12

Essay

Schinkel Corporation has provided the following data concerning its most important raw material,compound X87C:
The raw material was purchased on account.
Required:
a.Record the purchase of the raw material in a journal entry.
b.Record the use of the raw material in production in a journal entry.
$\begin{array}{llcc} \text { Standard cost, per liter......................................... } &\$46,70 \\ \text { Standard quantity, liters per unit of output ......... } &2.8\\ \text { Cost of material purchased in October, per liter.... } &\$47.10\\ \text { Material purchased in October, liters.................... } &1,600\\ \text {Material used in production in October, liters ....... } &710\\ \text {Actual output in October, units............................ } &300\\\end{array}$

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Definitions:

Punishing

The act of imposing a penalty or negative consequence on an individual or group to reduce or eliminate undesirable behavior.

Misbehavior

Actions or conduct that are inappropriate or violate social norms or rules.

Delay

The act of postponing or making something happen later than originally planned.

Continuous Reinforcement

A method of learning that involves rewarding every correct response or behavior.