1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimulka [17.4K]
3 years ago
13

When recording the journal entry for labor, the work in process inventory account is debited for standard labor cost. debited fo

r actual labor cost. credited for standard labor cost. credited for actual labor cost. not used?
Business
2 answers:
solong [7]3 years ago
7 0

Answer:

The correct answer is letter "A": Debited for standard labor cost.

Explanation:

Direct labor costs are calculated by the number of hours each employee worked and by the pay rate multiplied. The journal entry for recording total direct labor is for debiting the Work-in-Process account and crediting the payable account for salaries and wages.

dezoksy [38]3 years ago
4 0
The answer is
debited for actual labor cost


The work in process inventory account is debited for estimated manufacturing overhead
You might be interested in
Note how these emerging technologies are impacting organizations and what organizations can to do to reduce the burden of digita
Rashid [163]

The correct answer to this open question is the following.

You did not attach any text, article, or particular reference to answer this question. So we assume you are talking in general terms.

So being that the case, we can comment on the following.

It is true that emerging technologies are impacting organizations. Some businesses and organizations have been overwhelmed by technological advances. We are talking about new technologies that are transforming the workplace such as biometrics, analytics, robotics, big data, or artificial intelligence.

What organizations can do to reduce the burden of digitalization is having a gradual transformation. Not a sudden or abrupt change. A step by stape process is highly recommended. But procrastination at all. The digital transformation should start now.

It has to start with a process of training to make employees aware of the necessity of change.

6 0
3 years ago
Throughout the course of your life, you have converted some of your cash on hand to certificates of deposit and bonds. You also
Serjik [45]

Answer:

intangible property

Explanation:

Intangible property can be defied as property that doesn't have any physical attributes that give them value. For example, a car is a tangible since you can drive it around, but a certificate of deposit is just a piece of paper (or even a computer code) and nothing else. The same applies to bonds and stocks, you know they are valuable but their value is not provided by their physical characteristics.

Other intangible property include patents, software, licenses, copyrights and trademarks. All of these can be extremely expensive, for example Microsoft is worth hundreds of billions and it sells digital ones and zeros.

4 0
4 years ago
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2
Amiraneli [1.4K]

Answer:

Predetermined manufacturing overhead rate= $42 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead= $924,000

Estimated direct labor hours= 22,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 924,000/22,000

Predetermined manufacturing overhead rate= $42 per direct labor hour

4 0
3 years ago
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end,
nydimaria [60]

Answer: $186,000

Explanation:

January is the 2nd month from November which means that all of November's $31,000 will be collected in January.

January is the first month after December so 30% of December sales should be collected in January. 50% has already been collected in December and this left $50,000.

Total credit sales in December must have been:

= 50,000 / 50%

= $100,000

Amount to be collected in January for December:

= 100,000 * 30%

= $30,000

Amount to be collected from January credit sales:

= 50% * 150,000

= $75,000

January cash sales = $50,000

Total cash in January :

= 31,000 + 30,000 + 75,000 + 50,000

= $186,000

4 0
3 years ago
A lender generally charges discount points on an FHA loan to:__________
LUCKY_DIMON [66]

Answer: provide the investors with greater interest yield

Explanation:

Federal Housing Administration (FHA) loan is simply a mortgage insured by the Federal Housing Administration and the main aim of the loan is to help meet the needs of low income earners.

A lender generally charges discount points on an FHA loan on order to provide the investors with greater interest yield.

5 0
4 years ago
Other questions:
  • In a stackelberg game, a monopolist could deter entry from a potential rival by
    14·1 answer
  • When preparing a speech introduction, you should usually?
    9·1 answer
  • a procedure on the medicare nonparticipating fee schedule is priced at $320. How much can the nonparticipating provider charge f
    14·1 answer
  • Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand
    6·1 answer
  • If the U.S. government decided to regulate the prices of airline tickets to keep them from falling when the economy is weak, the
    11·1 answer
  • A firm with an A rating plans to issue one million units of a 10 year-4% bond with face value $100. After the financial crisis t
    10·1 answer
  • Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity chan
    13·1 answer
  • Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Unit selling
    13·1 answer
  • A portion of FICA that is paid to provide eligible retired workers and
    7·1 answer
  • In gathering audit evidence, the accessibility of information may be a factor thereby influencing which judgment trigger
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!