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
riadik2000 [5.3K]
2 years ago
10

The journal entry to record direct labor used in process costing is a(n):___________

Business
1 answer:
Degger [83]2 years ago
3 0

Answer:

b. increase in assets and an increase in liabilities.

Explanation:

The journal entry to record the direct labor cost used is shown below:

Work in process Dr

   To wages payable

(Being the direct labor cost used is recorded)

Here the work in process is debited as it increased the assets and credited the wages payable as it also increased the liabilities

You might be interested in
Thirty-five members of the Ortiz extended family were spread across three states—Illinois, New York and Florida—and they rarely
Stells [14]
The answer will be 2,500 because u have to calculate which I did.
8 0
2 years ago
Dec. 1 Merchandise with a list price of $4,700 is purchased on account, terms FOB shipping point, 1/10, n/30. The seller prepaid
spayn [35]

Explanation:

The Journal entry is shown below:-

a. Merchandise inventory Dr,       $4,700

          To accounts payable                 $4,700

(Being Purchase of merchandise is recorded)

b. Accounts payable Dr,                $1,600

           To Merchandise inventory       $1,600

(Being Return of merchandise is recorded)

c.  Accounts payable Dr,                $3,100

             To Merchandise inventory        $31

                                                           ($3,100 × 1%)

              To cash account                        $3,069

(Being the amount paid)

5 0
2 years ago
As nations learn to specialize in production, they will trade with other nations when what happens?
Goryan [66]
It c beehive :dndisbsbsjakk33 SJSU’s do d e ejeidjdjcnfjdidosodsbsbd d r g h f. D d ddjdidididhdbdjdjdjdndjfjdjdj
7 0
2 years ago
Amy, who has been an accountant for 12 years, worked for Arnold and Post, a mid-size law firm in Huntsville. At the end of each
mel-nik [20]

Answer:

time period

Explanation:

In accounting, the time period principle states that a firm must report its financial statements for specific periods of time. For example, the Securities and exchange Commission (SEC) requires public corporations to submit their financial reports every quarter. This is done in order for accounting periods to be comparable, e.g. comparing a quarterly report vs an annual report is not correct.

3 0
3 years ago
The money spent on domestically produced final goods and services: Group of answer choices is equal to exports minus imports. is
Ad libitum [116K]

Answer:

Explanation:

The money spent on domestically produced final goods and services: is equal to GDP.

<u>Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. </u>

GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.

3 0
3 years ago
Other questions:
  • For the past two years, regis has been working as an engineer. he enjoys the work and identifies himself as an engineer when peo
    7·1 answer
  • Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $5,800. On September 9, the custom
    12·1 answer
  • Can someone please help me
    5·1 answer
  • In the country Blestonia, people value relationships over business. They use communication as a means of building social relatio
    9·1 answer
  • Explain how incentives and the limited role of government function in a free enterprise system.
    5·1 answer
  • Applying the concept of opportunity cost to the pollution of a lake, an economist probably would conclude that: a. no pollution
    11·1 answer
  • Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's
    11·1 answer
  • Charismatic leadership is now considered part of ______ leadership.
    12·1 answer
  • Sal’s satellite company broadcasts TV to subscribers in Los Angeles and New York. The demand functions for each of these two gro
    9·1 answer
  • Certain business processes are copyrightable. <br> a) true <br> b) false
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!