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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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A) True

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Which of these items is a tax deduction?. a)cash awards. b)interest from bonds. c)interest on a home mortgage
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[The following information applies to the questions displayed below.] Tracy Company, a manufacturer of air conditioners, sold 19
Juli2301 [7.4K]

Answer:

November 17, 2021

Merchandise : air conditioners $45,600 (debit)

Accounts Payable $45,600 (credit)

November 26, 2021

Accounts Payable $45,600 (credit)

Discount Received $1,824 (credit)

Cash $43,776 (credit)

December 15, 2021

Accounts Payable $45,600 (credit)

Cash $45,600 (credit)

Explanation:

November 17, 2021

Merchandise : air conditioners $45,600 (debit)

Accounts Payable $45,600 (credit)

Recognize the Merchandise and Accounts payable at the Purchase Price less trade discount. 190 units × $300 × 80% = $45,600

November 26, 2021

Accounts Payable $45,600 (credit)

Discount Received $1,824 (credit)

Cash $43,776 (credit)

Payment is made within the discount period of 10 days and thus Thomas Company is eligible for a cash discount of 4%. Thomas Company will pay the amount owing less the 4% cash discount. $45,600 × 96% = $43,776.

December 15, 2021

Accounts Payable $45,600 (credit)

Cash $45,600 (credit)

Payment is made out of the discount period of 10 days and thus Thomas Company is  not eligible for the cash discount. Thomas Company will pay the full amount owing of $45,600.

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3 years ago
The international zoological club publishes a monthly magazine for zoology enthusiasts. members are required to pay an initial f
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3 years ago
Tyrone has three options on how to spend his saturday afternoon: to go out with friends, watch a movie, or wash his car. tyrone'
Ilia_Sergeevich [38]

If Tyrone has three options on how to spend his saturday afternoon: to go out with friends, watch a movie, or wash his car. tyrone's opportunity cost of washing his car would be: the value of going out with friends OR watching a movie

<h3>What is opportunity cost?</h3>

Opportunity cost can be defined as an way in which alternative is forgone because another alternative was chosen.

Based on the given scenario the opportunity cost will be the value of going out with friends or the value of watching a movie.

Therefore the correct option is D.

The complete question is:

Tyrone has three options on how to spend his Saturday afternoon: go out with friends, watch a movie, or wash his car. Tyrone's opportunity cost of washing his car would be:

a) the value of going out with friends.

b) the value of watching a movie.

c) the value of going out with friends AND watching a movie.

d) the value of going out with friends OR watching a movie.

Learn more about Opportunity cost here:brainly.com/question/481029

#SPJ1

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1 year ago
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