Which of the following statements accurately describes the economic policy of mercantilism?
a. it downplayed the role of government in stimulating economic growth.
b. it discouraged the establishment of overseas colonies.
c. it encouraged trade by abolishing laws that regulated trade.
d. it was based on a belief that a nation’s real wealth was measured in its gold and silver treasure.

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.