Answer the following statements true (T) or false (F)
1. If Department R uses $60,000 of direct materials and Department S uses $15,000 of direct materials, the following journal entry would be recorded by the process costing system:
2. If Grayson Manufacturing incurred $17,400 for direct labor in the assembly department and $10,300 for direct labor in the painting department, the journal entry to record the labor used is:
3. If the indirect labor cost in August for clerical and maintenance that help production in all departments was $123,000, the following journal entry would be recorded in a process costing system:
4. In process costing, direct labor includes only the labor that is applied directly to individual units of product.
5. In some circumstances, a process costing system can classify wages paid to maintenance workers as direct labor costs instead of factory overhead.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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