1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marizza181 [45]
3 years ago
5

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. In addition, factory overhead charged to production was $32,000. The entry to record the direct labor costs is:
a. Work in Process 175,000 Wages Payable 175,000
b. Wages Payable 175,000 Work in Process 175,000
c. Wages Payable 150,000 Work in Process 150,000
d. Work in Process 150,000 Wages Payable 150,000
Business
1 answer:
Naya [18.7K]3 years ago
6 0

Answer:

d. Work in Process      150,000 DEBIT

          Wages Payable                150,000 CREDIT

Explanation:

The direct labor will the wages accrued for production orders. The general factory use will be part of the actual factory overhead. It should not be considered as direct labor. It is indirec tlabor, a component of manufactring overhead.

We debit work in process as it represent an assets, these units will be finished, sell and collected; completing the conversion cycle of assets.

While the wages are credited as thy represent an obligation to pay (liabilties)

You might be interested in
Diego transfers real estate with an adjusted basis of $648,400 and fair market value of $907,760 to a newly formed corporation i
Monica [59]

Answer:

123,196

Explanation:

Recognized gain

= Liability on transferred real estate - Adjusted basis

= 771,596 - 648,400

= 123,196

Basis = 0

3 0
3 years ago
Suppose the United States has a comparative advantage over Mexico in producing pork. The principle of comparative advantage asse
vichka [17]

Answer:

d. Mexico has nothing to gain from importing United States pork.

Explanation:

The principle of comparative advantage asserts that countries (in this case Mexico) are better off importing certain goods (in this case pork), given that the opportunity cost of importing such goods are less in comparison to the production costs of manufacturing them within the country.

By definition, a country is said to have a <em>comparative advantage</em> over another, when they can produce a certain good or service at a lower marginal or opportunity cost.

6 0
3 years ago
"Keeping track of securities owners for payment of interest or dividends is usually done by the company's"1. Treasure2. Broker3.
Vilka [71]

Answer:

The correct answer is 3

Explanation:

Transfer agent is the one who plays an important or vital role among the investor and the registrar of the company or business. They are those who closely maintain the account balances of the investor and make sure that the shareholders receive the dividends payment in the timely way.

So, the transfer agents of the company, keep or maintain the track of the securities owners for the payment of dividends or interest.

8 0
3 years ago
For each of the following sentences, select the phrase or group of words that best completes the statement. Earnings per share D
raketka [301]

Answer:

Note <em>See complete and organized question as attached as picture below</em>

<em />

1. Dividend yield ratio

Correct phrase: Relationship between dividends and the market price of a company's stock.

2. Dividend payout ratio

Correct phrase: Percentage of earnings paid out as dividends.

3. Return on assets ratio

Correct phrase: Measure of a company's success in earning a return for all the providers of the capital.

4. Return on common stockholders' equity ratio

Correct phrase: Measure of a company's success in earning a return for the common stockholders.

8 0
3 years ago
An oil drilling company made an error in their work that led to unfortunate environmental damage. Because of this, they are rece
alisha [4.7K]

Answer:

Put extra time and resources into community and environmental projects in order to improve their public relations

Explanation:

APEX Verified

6 0
3 years ago
Other questions:
  • The _________________ is the buying and selling of Treasury securities to influence the nation’s money supply..
    12·1 answer
  • A firm has current assets that could be sold for their book value of $10 million. The book value of its fixed assets is $60 mill
    15·1 answer
  • A wedding services company changes its marketing strategy to reflect the fact that more LGBT​ (lesbian/gay/bisexual/transgender)
    11·1 answer
  • Matthew​ Liotine's Dream Store sells water beds and assorted supplies. His​ best-selling bed has an annual demand of 410 units.
    6·1 answer
  • Latting Corporation has entered into a 7 year lease for a building it will use as a warehouse. The annual payment under the leas
    14·1 answer
  • NEED HELP ASB WILL MARK BRAINLEST
    15·1 answer
  • The following data is available for Everest Company:
    13·1 answer
  • The Open Grill incurred the following costs in acquiring a new piece of land:
    6·1 answer
  • Chris paid $100,000 for a single-family home on July 1, 2019, and immediately placed it in service as residential rental propert
    9·1 answer
  • When a multinational corporation opens a new factory in another country, what economic responsibilities must it follow? Are ther
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!