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Alika [10]
3 years ago
8

Martinez Manufacturing incurred $ 4 comma 000 for indirect labor in Department III. The journal entry to record indirect labor​

utilized, but not paid is​ ________. Process costing is used.
Business
1 answer:
Rus_ich [418]3 years ago
3 0

Answer:

debit Manufacturing Overhead, $4,000; credit Wages Payable

Explanation:

Remember that indirect labor expenses are added to the Factory Overhead account, therefore Martinez Manufacturing journal entry to record is to debit Manufacturing Overhead $4,000 and then credit Wages Payable since the expenses was not paid.

It is important to note that in any case a manufacturing company is to list the direct labor expense separately from its indirect labor and wages paid to other employees.

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3 years ago
Hardware is adding a new product line that will require an investment of $ 1 comma 476 comma 000. Managers estimate that this in
OleMash [197]

Answer:

42,51%

Explanation:

Accounting Rate of Return (ARR) = Average Profits / Average Investment

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Average Profit = Sum of Profits / Number of Years

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