Olson corporation constructs new homes. assume that olson uses a job costing system. during may 2010, the following transactions occurred: olson purchased $4,500 of lumber on account. olson used $3,750 of lumber in production and incurred 50 hours of direct labor hours at $15 per hour. depreciation of $1,500 on equipment used to build new houses was recorded. a house that was completed last period at a cost of $150,000 was sold for $180,000 in cash. the journal entry to record the requisition of lumber for olson would include a select one:

a. debit to materials inventory of $3,750.
b. debit to work-in-process of $3,750
c. credit to finished goods of $3,750.
d. debit to work-in-process of $4,500.

The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

What business practice contributed most to andrew carnegie’s ability to form a monopoly?