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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

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Answer:

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Explanation:

Since this is an interest bearing note that will be paid in less than a year, we should record it at face value. All current liabilities must be recorded at face value.

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3 years ago
Sometimes there is a backlash from employees regarding mandatory diversity training. One possible solution that has some researc
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Option C

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3 years ago
Suppose the hot sauce firm cannot reduce the externality without reducing costs. What is a possible next step the government cou
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Create a limit on the maximum no. of bottles the firm can make,

The required details about externality is mentioned in below paragraph.

<h3>How Do Externalities Work?</h3>

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Externalities happen when creating or consuming a good has an effect on parties who are not involved in the transaction directly. Externalities can be either good or bad. They can result from either production or consumption as well. For instance, simply entering a city center will increase the pollution and traffic for individuals who live there.

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1 year ago
Explain why newspapers advertising is not effective on illiterates​
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3 years ago
Knowledge Check 01 On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exer
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Answer:

$153,333

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Therefore What amount should Olympic recognize as compensation expense for 2016 is $153,333

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3 years ago
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