During the month, Kimura Manufacturing incurred (not paid) $47,000 in direct labor costs in Department 1, $26,000 direct labor costs in Department 2, and $3500 of indirect labor costs. The summary journal entry to record these transactions includes a ________. Process costing is used.
A) credit to Manufacturing Overhead for $3500
B) debit to Work-in-Process Inventory for $73,000
C) credit to Wages Payable for $73,000
D) debit to Work-in-Process Inventory—Department 2 for $26,000
D) debit to Work-in-Process Inventory—Department 2 for $26,000
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The normal selling price of our product is $42 per unit. The costs of production are direct materials, $8; direct labor, $6; variable overhead, $7; and fixed overhead, $4 (based on normal capacity). The company has received a special order for 10,600 units at a unit sales price of $23 . There is ample unused capacity to fill the order and $1 per unit will be incurred for additional freight costs
If the order is accepted, operating income will a. increase by $10,600. b. decrease by $31,800. c. increase by $21,200. d. decrease by $21,200.
The Foreign Corrupt Practices Act of 1977 provides legal protection for individuals who report illegal organizational activities to appropriate persons or agencies
Indicate whether the statement is true or false
The ________ approach involves mentioning the name of a person known to both the buyer and seller.
A. curiosity B. introductory C. question D. referral E. demonstration
The placement of an employee in another job at a higher level in the organization with an increase in pay and status is known as
A. job enlargement. B. a transfer. C. a promotion. D. job rotation.