Part D (4 points each for a possible total of 24 points) From the following transactions, prepare the appropriate general journal entries for the month of April. 1. Raw materials costing $60,000 were issued from the storeroom. 2. Direct labor of $53,000 was charged to production. 3. Indirect labor costs of $17,000 were incurred. 4. Overhead was applied at the rate of 40% of direct labor dollars. 5. Completed products costing $42,000 were transferred to finished goods. 6. Products costing $32,000 were sold.

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Experienced problem solvers always consider both the value and units of their answer to a problem. why?