A Firm That Has Implemented JIT Had the Following Transactions

question 12

Multiple Choice

A firm that has implemented JIT had the following transactions:
1) Materials were purchased on account for $40,000.
2) Materials were placed into production.
3) Actual direct labor costs were $6,000.
4) Actual overhead costs were $40,000.
5) Conversion costs applied were $42,000.
6) All work was completed for the month.
7) All completed work was sold.
8) The variance is recognized.
What will be the entry to record materials placed into production using the backflush approach?

• A) Materials and In Process Inventory 40,000
• Work-in-process Inventory 40,000
• B) Materials Inventory 40,000
• Accounts Payable 40,000
• C) Work-in-Process Inventory 40,000
• Materials and In Process Inventory 40,000
• D) No entry is required

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Multimodal Learner

An individual who uses several different modes or approaches for learning and absorbing information.

Physiological Need

Basic physical requirements essential for human survival, such as food, water, and shelter, which must be met to maintain health and well-being.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, depicting a five-tier model of human needs, from basic (physiological) to more advanced (self-actualization) needs.

Self-Esteem

An individual's subjective evaluation of their own worth and abilities.