In January, Dieker Company requisitions raw materials for production as follows: Job 1 $910, Job 2
$1,400, Job 3 $810, and general factory use $610.
Prepare a summary journal entry to record raw materials used. (Credit account titles are
Digger Inc. sells a high-speed retrieval system for mining information. It provides the following
information for the year.
Direct labor hours
Overhead is appl
Warner Company purchases $50,100 of raw materials on account, and it incurs $61,000 of
factory labor costs.
Journalize the two transactions on March 31, assuming the labor costs are not paid until
April. (Credit account titles are automatically indented w
Listed below are the three functions of the management of an organization.
1. Planning 2. Directing 3. Controlling
Identify which of the following statements best describes each of the above functions.
requires management to look ahead and to establis