Answer: a). Debit Factory Payroll Payable $160,000; credit Cash $160,000.
Explanation: Direct labor refers to the manpower used in production. They are the factory workers involved in using the raw materials to produce finished goods.
Expense on direct labor is provided for during the production by a debit to factory payroll expense and a credit to factory payroll payable.
As such, the journal entry will be a debit to factory payroll payable $160,000 and a credit to cash $160,000. This means cash will reduce by $160,000 as the factory workers are paid while payables which is a provision account will reduce as well on the cash book by the same amount.
Answer:
Mark me Brainliest
Explanation:
A business office is one which is established by the individuals or governments for the production and distribution of goods and services with a view of earning money by satisfying the consumers.
Answer:
$14,016 favorable
Explanation:
The computation of the raw materials price variance is shown below:
= Actual Quantity × (Standard Price - Actual Price)
= 23,360 liters × ($5.40 - $4.80)
= 23,360 liters × $0.6
= $14,016 favorable
We simply deduct the actual price from the standard price and then multiplied it by the actual quantity so that actual value can come
I would think the answer is C.
