When direct labor costs are recorded in a job costing:
A. Cost of Goods Manufactured is debited and Direct Labor is credited.
B. Factory Wages Payable is debited and Work in Process Inventory is credited.
C. Work in Process Inventory is debited and Factory Wages Payable is credited.
D. Work in Process Inventory is debited and Factory Overhead is credited.
E. Direct Labor and Indirect Labor are debited and Factory Wages Payable is credited.
Answer: C
You might also like to view...
A group of young students run an Internet center. In an attempt to increase their profitability they start a cafe alongside the existing business. Explain the type of marketing used here
What will be an ideal response?
A coal mine cost $1,001,000 and is estimated to hold 58,000 tons of coal. There is no residual value. During the first year of operations, 6000 tons are extracted and sold. Calculate depletion expense for the first year. (Round any intermediate calculations to the nearest cent.)
A) $100,100 B) $150,150 C) $200,200 D) $103,560
Senior management centrally directs and controls budgets based on _____ budgeting
a. top-down b. zero-based c. bottom-up d. incremental
Use words to write each number that is expressed in digits
a. 0.600 . ___________________________________________________________ b. 14.3476 __________________________________________________________ c. 7.00583__________________________________________________________