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love history [14]
3 years ago
15

During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo

r general factory use (indirect labor). In addition, factory overhead charged to production was $32,000. The journal entry to record the direct labor costs is a. Wages Payable 150,000 Work in Process 150,000 b. Wages Payable 175,000 Work in Process 175,000 c. Work in Process 150,000 Wages Payable 150,000 d. Work in Process 175,000 Wages Payable 175,000
Business
1 answer:
katrin [286]3 years ago
7 0

Answer:

c. Work in Process 150,000 Wages Payable 150,000

Explanation:

The direct labor costs are $ 150,000 which are debited to work in process and credited by wages payable.

The indirect Labor costs are $ 125,000 which are debited to factory overhead and credited by payroll.

The $32,000 are factory overhead expenses which are charged to factory overhead control account.

Analysis :

a: The first entry is wrong because the work in process must be debited and wages payable credited.

b: The second entry is wrong because the work in process must be debited and wages payable credited. Also the indirect labor is included in the direct labor amount.

<em><u>c: This entry is correct.</u></em>

d:  The indirect labor is included in the direct labor amount which is again wrong.

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Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
Y_Kistochka [10]

Answer:

d. $141,000

Explanation:

As the following information is given

Purchase of raw material = $165,000

Beginning Raw material balance = $22,000

Completed direct material = $141,000

Completed indirect material = $13,000

Since the work in progress includes only direct material i.e $141,000 as indirect material is allocated to the overhead account. Therefore, only $141,000 of raw material is transferred to work in process account

So other information which is mentioned is ignored

3 0
3 years ago
'As fewer people buy gym memberships, the demand for running shoes will decrease and the price of a pair of running shoes will i
olchik [2.2K]

Answer: "The rise in the price of a pair of running shoes will increase the supply of running shoes".

This statement is <u><em> false</em></u> because <em><u>a decrease in demand for running shoes does not increase the price of a pair of running shoes and an increase in the price of a pair of running shoes does not increase the supply of running shoes. </u></em>

This occurs as the price of a pair of running shoes increases,therefore decreasing the demand and thus the supply will not increase.

4 0
3 years ago
Shanice is a new project manager working with a preexisting team that has resisted many of the new policies she has put into pla
motikmotik

Answer: Shanice is conving the team that their behavior will harm the company since it will disturb Research and Development projects, specially concerning time and energy management. By taking this step, <u>in a non-aggressive way she is demanding that the team takes new attitudes towards their jobs and the project itself.</u>

5 0
3 years ago
If the nominal interest rate is 4.7% and the inflation rate is 3.4%, what is the real interest rate?
jeyben [28]

Answer:

1.3%

Explanation:

The real interest rate is calculated by subtracting the inflation rate from the nominal interest rate.

real interest rate=nominal interest rate-inflation rate

nominal interest rate=4.7%

inflation rate= 3.4%

real interest rate=4.7%-3.4%

real interest rate=1.3%

According to this, the answer is that the real interest rate is 1.3%.

3 0
3 years ago
What is important to consider about a facility for a business?
Mamont248 [21]

It is important to consider some factors when choosing a facility for your business. Some critical factors to consider include the following.

  • Location (on well-traveled streets, or tucked away in the country)
  • The interior layout: the amount of space, how it would be subdivided into rooms or work areas to best serve you
  • How it could be constructed or decorated to provide the capabilities and business atmosphere that best suits your operation
  • The exterior: its appearance (and that of surrounding buildings) and the impression that it conveys about your business
  • Provision for necessary features such as parking facilities and loading docks

<h3>What is a Business Facility?</h3>

A Business Facility refers to a building location or portion at which employees perform services for their employer.

It is important to note that a business facility  does not include any workplace or portion of a workplace that also serves as the employee's or employer's personal residence.

Learn more about business facility at  brainly.com/question/12255901

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3 0
2 years ago
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