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seraphim [82]
3 years ago
5

During June, Buttrey Corporation incurred $73,000 of direct labor costs and $13,000 of indirect labor costs. The journal entry t

o record the accrual of these wages would include a:
Business
1 answer:
QveST [7]3 years ago
4 0

Answer:

                                                            Dr.             Cr.

Work in process                             $73,000

Manufacturing overhead                $13,000

Account Payable                                              $86,000

Explanation:

The Direct cost are those which are directly attributable to the product or service under consideration. Indirect cost are those which cannot be directly assigned to product or service cost. All the direct cost is added to the work in process account and indirect cost are included in the manufacturing overhead account.

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7 0
3 years ago
The failure to record which transaction has no effect on the quality of inventory?
zimovet [89]

Do not record transactions that do not affect inventory quality. A recorded inventory transaction has actually taken place.

Records of inventory purchases made during the accounting period. The purchase account is increased by direct debit. The manufacturing costs of the goods sold are overestimated by the same amount. An overstatement of cost of goods sold will result in an understatement of net income and retained earnings by the original margin of error.

If the auditor is dissatisfied with the accuracy of the closing balance sheet and may be materially increase.

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4 0
2 years ago
What role do pawnshops playy in American economy
RUDIKE [14]
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4 0
3 years ago
"Dawn" is a song included in the sound track of "eDay," a movie produced and distributed by FasTrac Corporation. The song featur
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Answer:

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4 0
3 years ago
Suppose the central bank implements expansionary monetary policy where the money supply increases. Which of the following will t
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Answer:

D they both will increase

Explanation:

Goodluck on that.

4 0
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