The following accounts are from last year's books of Sharp Manufacturing: Raw Materials Bal 0 (b) 154,600 (a) 165,500 10,900 Work In Process Bal 0 (f) 512,400 (b) 132,300 (c) 168,600 (e) 211,500 0 Finished Goods Bal 0 (g) 463,000 (f) 512,400 49,400 Manufacturing Overhead (b) 22,300 (e) 211,500 (c) 26,300 (d) 156,600 6,300 Cost of Goods Sold (g) 463,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year

When marietta chooses to only purchase a combination of goods that lie within her budget line, she: is decreasing utility. is maximizing utility. likely has negative savings. must reduce the quantity?

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c. prepaidrent. onseptember1ofthecurrentyear, thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.