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  3. 1. barney corporation uses job-order costing. they

1. Barney Corporation uses job-order costing. They make an entry to record the transfer of...

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Question

Accounting

1. Barney Corporation uses job-order costing. They make an entry to record the transfer of inventoried materials from work in process A to work in process B. This could be

a. debit to inventory expense.

b. a debit to manufacturing overhead.

c. a debit to WIP-B

d. a potential error.

2.

A company sells two products--J and K. Product J has a contribution margin ratio of 40% whereas Product K has a contribution margin ratio of 50%. Annual fixed expenses are expected to be $120,000, of which $80,000 belong to product J and the rest product K. Product J will generate $2 million in sales. Product K will generate $1.8 million in sales. Which product line is the most efficient to sell?

J

K

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