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levacccp [35]
3 years ago
11

When Factory Wages Payable costs for labor are allocated in a job cost accounting system: rev: 11_27_2015_QC_CS-34722 Multiple C

hoice Factory Wages Payable is debited and Work in Process Inventory is credited. Work in Process Inventory and Factory Overhead are debited and Factory Wages Payable is credited. Cost of Goods Manufactured is debited and Direct Labor is credited. Direct Labor and Indirect Labor are debited and Factory Wages Payable is credited. Work in Process Inventory is debited and Factory Overhead is credited.
Business
1 answer:
kogti [31]3 years ago
7 0

Answer:

When Factory Wages Payable costs for labor are allocated in a job cost accounting system:

Direct Labor and Indirect Labor are debited and Factory Wages Payable is credited.

Explanation:

The Factory Wages Payable costs will always be allocated to direct labor or indirect labor.  These two accounts will, therefore, be debited while Factory Wages Payable is credited for these unpaid factory wages at the end of the accounting period.

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J has a whole life policy with a return of premium rider. Which of the following would best describe this rider?
mixas84 [53]

Answer:

The correct answer is:

A term rider on a permanent policy.

Explanation:

A return of premium rider refers to the case when the insured adds some additional clauses to the normal policy for an extra cost. A rider is obtained considering a specific period of time in which the policy would be paid to the beneficiaries in case of death, sickness or disability of the insured person. In case that the insured subject lives more than the pre-established period of time the amount that he paid for the return of premium rider would be given back to him. For example if J pays $50 monthly for a 30 years life term policy and he lives after that period of time, he will receive $18.000 at the end of the contract as a premium return.

4 0
3 years ago
Earth's Treasures Mining Co. acquired mineral rights for $93,000,000. The mineral deposit is estimated at 60,000,000 tons. Durin
Shkiper50 [21]

Answer and Explanation:

a. The computation of the depletion rate is shown below:

= Acquired mineral rights ÷ estimated mineral deposit

= $93,000,000 ÷ 60,000,000 tons

= $1.55 per ton

b. The amount of depletion expense for the current year is

= Depletion rate × current year mined tons

= $1.55 per ton × 16,800,000 tons

= $26,040,000

c. And, the journal entry is

Depletion expense $26,040,000

        To Accumulated depletion  $26,040,000

(Being depletion expense is recorded)

For recording this entry we debited the depletion expense as it increased the expenses and at the same time it decreased the value of the asset so the accumulated depletion is credited

4 0
3 years ago
Race, religion, type of dwelling, gender, brand last purchased, and buyer/nonbuyer are examples of:______.
Allisa [31]

Race, religion, type of dwelling, gender, brand last purchased, and buyer/nonbuyer are examples of <u>nominal measures</u>.

The nominal level of dimension is the least particular and informative, as it handiest names the 'characteristic' or 'identity' we're involved. In different phrases, in nominal variables, the numerical values simply "name" the characteristic uniquely. In this situation, the numerical value is truly a label.

Dwelling type refers back to the kind of living quarters in which a person resides. In general phrases, a dwelling is described as a set of dwelling quarters.  forms of living are recognized in the Census, collective dwellings and private dwellings.

A brand is an intangible marketing or enterprise concept that enables people to become aware of an agency, product, or man or woman. Human beings regularly confuse brands with such things as trademarks, slogans, or different recognizable marks, that are advertising and marketing equipment that help sell items and services.

Learn more about marketing here brainly.com/question/6988222

#SPJ4

6 0
1 year ago
Ngân hàng thương mại có tỷ lệ an toàn vốn tối thiểu là 8% và tỷ suất sinh lời trên tài sản có hằng năm như sau : năm 1998 có ROA
Luda [366]

Answer:

???????

Explanation:

8 0
3 years ago
Holly would like to run an annual major disaster recovery test that is as thorough and realistic as possible. she also wants to
nignag [31]
The option that will be best in this scenario would be a <span>Parallel test. 
In a parallel test, same input will be entered in two different version of simulation.  By doing this, we could create multiple simulations to test several possibilities and reducing the total time needed at the same time. The downside is that this test exposes the tester to a high risk of making a mistake.</span>
7 0
3 years ago
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