The Percentage of Workers Who Belong to Unions in the United

question 30

Multiple Choice

The percentage of workers who belong to unions in the United States is approximately:

• A) 13 percent.
• B) 23 percent.
• C) 33 percent.
• D) 53 percent.

Prepare journal entries for transactions specific to the manufacturing environment, including the adjustments for overapplied or underapplied overhead.

Describe the concept and calculation of cost of goods manufactured and how it relates to the income statement and balance sheet.

Recognize the differences in financial statement presentations between manufacturing and merchandising companies.

Understand the use of a manufacturing worksheet and its components.