River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on account $150,000 Direct materials requisitioned 84,000 Direct labor cost incurred 125,000 Factory overhead incurred 146,000 Cost of goods completed 288,000 Cost of goods sold 258,000 Beginning direct materials inventory 25,000 Beginning WIP inventory 69,000 Beginning finished goods inventory 51,000 Overhead application rate, as a percent of direct-labor costs 120 percent The journal entry to record the materials placed into production would include a . A) credit to Direct Materials Inventory for $84,000 B) debit to Direct Materials Inventory for $150,000 C) credit to WIP Inventory for $84,000 D) debit to WIP Inventory for $150,000

The following accounts appeared in recent financial statements of delta air lines. identify each account as either a balance sheet account or an income statement account. for each balance sheet account, identify it as an asset, a liability, or stockholders' equity. for each income statement account, identify it as a revenue or an expense. item financial statement type of account accounts payable balance sheet advanced payments for equipment balance sheet air traffic liability balance sheet aircraft fuel (expense) income statement aircraft maintenance (expense) income statement aircraft rent (expense) income statement cargo revenue income statement cash balance sheet contract carrier arrangements (expense) income statement flight equipment balance sheet frequent flyer (obligations) balance sheet fuel inventory balance sheet landing fees (expense) income statement parts and supplies inventories balance sheet passenger commissions (expense) income statement passenger revenue income statement prepaid expenses income statement taxes payable balance sheet

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?