All categories

3 years ago

Direct labor and indirect labor are recorded, respectively, to:

Business

2 answers:

torisob [31]3 years ago

8 0

Answer:

d. Work in Process Inventory and Factory Overhead.

Explanation:

Direct labor is labor that is directly involved in the production process, for example a machine operator in a factory is supplying direct labor. So when recording direct labor we do so under work in process inventory as that is where the labour is applied.

Indirect labour is one that is not directly involved in the production process, for example office cleaners, building maintenance. Since their contribution is not directly impacting production, indirect labor is recorded under factory overhead.

ohaa [14]3 years ago

4 0

Answer:

The correct answer is letter "D": Work in Process Inventory and Factory Overhead.

Explanation:

Work In Process Inventory is the account on the company's Balance Sheet that tracks the total costs of unfinished products currently in the process of production such as direct labor or raw materials costs.

Factory overhead is the account used to record costs to be paid, even if the company is not receiving any profits from them. Without overhead expenses such as insurance, rent, employees' compensation, and accounting and legal expenditures the company would not be able to operate.

You might be interested in

The Amazing Widget Company issues $539,000 of 7%, 10-year bonds at 104 on March 31, 2017. The bonds pay interest on March 31 and

Andrej [43]

Answer:

Debit to Cash for $560,560

Explanation:

Based on the information given we were told that the Company issues the amount of $539,000 at 104 on March 31 2019 this means that the journal entry to record the issuance will includes a:

Debit to Cash for $560,560

Cr Bonds Payable $539,000

($560,560-$21,560)

Premium on on bonds Payable $21,560

[$539,000*(100%-104%)

(to record the issuance of bonds)

3 0

3 years ago

The Industrial Revolution changed the way people worked by

Alborosie

The Industrial Revolution changed the way people worked by having them use machines to do jobs previously done by hand. The correct option among all the options that are given in the question is the fourth option or option "D". I hope that this is the answer that has actually come to your great help.

8 0

3 years ago

Read 2 more answers

Walter Company uses a job-order costing system to account for product costs. The following information pertains to the current y

djverab [1.8K]

Answer:

COGM = 450,000

Explanation:

The amount debited will be equal to the COGM which is the cost of goods manufactured.

COGM = beginnning WIP + cost added - ending WIP

we need to know the cost added during the period:

cost added during the period

materials 140,000

direct labor 160,000

overhead applied

18 x 10,000 = 180,000

total 480,000

Notice, for the overhead we multiply the predetermined rate by the amount of labor hours.

The actual values and adjustment for application of overhead are calculate later at year-end

Now, we are given the following information:

we know that WIP increase by 30,000

so : ending is 30,000 dollars greater than beginning

which implies ending - beginning = -30,000

we plug that into the formula:

COGM = cost added + (beginning WIP - ending WIP)

COGM = 480,000 - 30,000

COGM = 450,000

4 0

4 years ago

Four categories of costs associated with product quality are: Select one: a. External failure, internal failure, prevention, and

harina [27]

Answer:

b. External failure, internal failure, prevention, and appraisal.

Explanation:

The four qualities that are associated with the product associated quality are the external and the internal failures and precondition and appraisals.

These are incorporated features that have a capacity to meets the demands of the customers and improving the satisfaction of the product and make them free form any deficiency and defects.

5 0

3 years ago

Imagine that you are working at a clothing or grocery store, and answer the questions below about inventory and merchandising fo

vova2212 [387]

Answer:

Explanation: Two important factors that could be considered to help decide how much inventory to keep in existence of a particular item in the store are:

1. Different inventory management techniques: These well-developed techniques will allow for an adequate level of inventory since, if not applied, maintenance of high levels of inventory could be incurred. The same would happen if there is a low level of inventory, since more costs would also be incurred as well, since there would be a need to place more orders. Maintaining an adequate level of inventory allows you to be stocked all the time and provide optimal service.

2. Use technological tools, that is to say computer systems to optimize the realization of inventories, taking into account that it is necessary to work with qualified personnel to keep a record of all the items owned by the company.

6 0

3 years ago