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
Mekhanik [1.2K]
4 years ago
15

Wilturner Company incurs $74,000 of labor related directly to the product in the Assembly Department, $23,000 of labor not direc

tly related to the product but related to the Assembly Department as a whole, and $10,000 of labor for services that help production in both the Assembly and Finishing departments. The journal entries to record the labor would include:
Business
1 answer:
Stels [109]4 years ago
5 0

Answer:

Dr Work in Process Inventory 97,000 and Dr Factory Overhead 10,000

Explanation:

Wilturner Company journal entries to record the labor will be to Debit work in process inventory with 97,000 because the company incurs $74,000 of labor which was related directly to the product in the Assembly Department and the $23,000 of labor was not directly related to the product and then Debit Factory Overhead with 10,000.

Dr Work in Process Inventory 97,000

($74,000+$23,000)

Debit Factory Overhead 10,000

You might be interested in
"which group of organizational participants has the most vague job description?"
bezimeni [28]
<span>Maintenance workers have the most vague job description out of all the positions. Every other position has a detailed list explaining all of their duties. However, the maintenance position only lists one sentence of what their duties entail.</span>
6 0
3 years ago
Which of the following is an example of an investing activity?
kkurt [141]

Answer:

Purchase of machinery

Explanation:

Once you have purchased for a machinery, you will earn the interst from the The profit the machine brings to you.

5 0
2 years ago
In an insurance contract, the person buying the insurance is called the
irakobra [83]
True explanation: one you have bought insurance you are insured to a house life plan etc, they company you bought the insurance from is the insurer because they are giving you the insurance
6 0
2 years ago
Read 2 more answers
For a business owner, insurance is a cost just like any other expenses. How does buying business
anygoal [31]

Answer:

It adds an additional expense which means a percentage of profits are depleted. However, it contributes to the wellbeing of the employees showing that they are cherished and have the opportunity to earn benefits which can play a role in motivating them. Due to this it is more likely the workforce would be more comfortable working for the organisation thus leading to a higher chance at success.

8 0
3 years ago
Rankine Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various age groups
Andrews [41]

Answer:

Date  Account titles and Explanation    Debit      Credit

         Bad Debt Expense                         $8,400

                  Allowance for doubtful account            $8,400

                  ($9,600 credit required - $1,200 already existing)

         (To record bad debt expenses)

Particulars                                               Amount

Account receivables                               $307,200

Less: Allowance for doubtful account   <u>$9,600</u>

Net amount of accounts receivable     <u>$297,600</u>

4 0
3 years ago
Other questions:
  • The person who leases an apartment to another person is known as the .
    12·1 answer
  • Monies that are earmarked for certain purposes from the moment that they are collected are __________. non-dedicated funds dedic
    11·1 answer
  • Your retirement fund consists of a $5,000 investment in each of 15 different common stocks. The portfolio's beta is 1.20. Suppos
    8·1 answer
  • Nikki and jim own a corporation together. nikki owns 48 shares of stock and jim owns 52. they consider themselves investors, so
    9·1 answer
  • On November 1, 2021, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wi
    9·2 answers
  • Matteo just left the Army after 20 years of service. During his service, he managed to save a little money and is now entitled t
    7·1 answer
  • asper makes a $28,000, 90-day, 8.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (U
    15·1 answer
  • Why do businesses take financial cost into account other than social cost when making decisions.
    6·1 answer
  • What is the rate of return when 20 shares of Stock A purchased for \$30/share , are sold for $710? The commission on the sale is
    15·1 answer
  • Sustainability, health and wellness, and how to more efficiently utilize and distribute food are all considered political trends
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!