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kaheart [24]
3 years ago
6

Journalizing the entry to record the indirect labor costs incurred for general factory use would include a debit to a.Wages Expe

nse b.Factory Overhead c.Wages Payable d.Cost of Goods Sold
Business
1 answer:
Monica [59]3 years ago
4 0

Answer: b.Factory Overhead

Explanation:

Indirect Labor Costs are those costs associated with people who helped the production process but were not directly involved in the production process.

For example, machinery repair men, the guards, the Accountants for the Factory and the Quality control people amongst others.

These costs are treated as an expense and Debited to the Factory Overhead Account in a general factor setting unlike direct Labor that will be Debited to to Work in Progress.

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How are time tickets and materials requisition slips similar?
lisov135 [29]

Time tickets and materials requisition slips are similar to. The cost associated with both must be credited to the Work in Process Inventory. Option A. This is further explained below.

<h3>What are time tickets?</h3>

Generally, A time ticket is a form filled out by workers to keep track of their working hours.

In conclusion, Both time tickets and materials requisition forms have certain similarities. Both must be accounted for in the Work in Process Budget.

<h3>Complete Question</h3>

How are time tickets and materials requisition slips similar?

The cost associated with both must be credited to the Work in Process Inventory. Costs associated with both must be recorded in the general ledger and job cost sheets.

Costs associated with both must be debited to Manufacturing Overhead.

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7 0
2 years ago
What should you do if you suspect your boss of unethical business practices?
Zina [86]

The other day, someone asked me about the last time my ethics had been tested at work and how I reacted.

I wasn’t sure how to respond. It’s a good question, and I wanted to answer it. Still, I hesitated to reveal too much about some of the less-than-honest bosses I’ve reported to in the last two decades.

These are bosses who lied, gossiped about their staff to other staff, broke confidences, fudged numbers to governmental agencies, botched payroll tax withholdings and covered it up, and willfully and recklessly turned a blind eye to leadership abuse — for starters.

8 0
4 years ago
Read 2 more answers
Una librería puede comprar de la editorial un atlas a un costo de $10 por ejemplar, se estima que si vende el atlas a "p" dólare
LiRa [457]

Answer:

Tenemos un costo de $10 por unidad

C = $10/u

Tenemos un precio de venta de "p" dólares por unidad

V = P/u

Y tenemos una cantidad de unidades vendidas de 20(22-p)

Q = 20(22-p)

Halle la utilidad U(p) como una función del precio de venta "p".

Utilidad(p) = C*Q - V*Q

C*Q equivale a costo total, y V*Q equivale a ingreso total, así obtenemos la utilidad.

¿Cuál es el precio de venta "p" que genera una utilidad máxima?

$16/ unidad

¿Cuál es el precio de venta "p" que genera una utilidad nula?

$720/ mes

7 0
3 years ago
In a process costing system, the application of factory overhead usually would be recorded as an increase in: (CPA adapted) A. F
otez555 [7]

Answer: Factory overhead control

Explanation: Factory overhead is the account where the amount of cost incurred while manufacturing a product is recorded and no direct labour or material is recorded. When the manufactured goods are finished and produced they are recorded as expenses when the goods are sold as manufactured finished products.

All the expenses related to the factory are included in this account such as rent, utility, electricity, supplies, tools. Factory overhead is known as manufacturing burden or expenses.  

7 0
4 years ago
Retail Operations, Inc., a U.S. firm, obtains a judgment in a U.S. court against Shinobu, Ltd., a Japanese business. Whether the
maw [93]

Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of the principle of comity .

Option d

<u>Explanation: </u>

The constitutional reciprocity, the idea that some courtesies must apply to others or to other jurisdictions in the same country, is unique to the committee of law. The legitimacy and efficacy of their administrative, legislative and judicial decisions is known in particular.

The International Committee doctrine was described in different ways "as a principle of choice of law."

Lord Mansfield, an English solicitor and jurist, introduced the concept of a committee into English legislation. Mansfield considered the application of the committee to be taxable, with courts using foreign law "except to the extent that it was incompatible with public policy principles.

8 0
4 years ago
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