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
Aleks [24]
3 years ago
11

The journal entry to record direct labor used in process costing is a(n): Multiple choice question. increase in assets and an in

crease in equity. decrease in assets and a decrease in liabilities. decrease in assets and a decrease in equity. increase in assets and an increase in liabilities.
Business
1 answer:
amid [387]3 years ago
6 0

Answer:

Increase In Assets and an increase in liabilities

Explanation:

DIRECT LABOUR can be seen or defined as the labour a person or an individual put in the production of goods and services in which they are been paid for as wages.

Therefore The journal entry to record DIRECT LABOR USED IN PROCESS COSTING is a(n):

INCREASE IN ASSETS and AN INCREASE IN LIABILITIES reason been that in direct labour used in process costing an increase in Asset will as well lead to Increase in Liabilities.

You might be interested in
Kelly noticed her debit card was not in her wallet where she usually keeps it. She quickly checked her car and her desk, but was
GarryVolchara [31]

Answer: I think she should choose D.

Explanation: D because, she should call the bank freeze all of her accounts before anyone can find her cards, and then she can get a new card.

3 0
3 years ago
Read 2 more answers
Angus works as a dairy farmer in Minnesota. He loves his work and finds a great deal of personal satisfaction in providing the h
weeeeeb [17]

Answer:

Explicit costs are the costs which requires the money to pay.

On the other hand, implicit costs refers to the benefit that is foregone by choosing some other work or doing some other activity.

Therefore,

Explicit costs are as follows:

1. Wages pays to his hired hand

2. Buys feed for his cows.

3. Gas expense that is used in truck

Implicit costs are as follows:

1. Foregone income of $27,000 from working at a dairy plant as a technician.

2. Time taken for extracting milk from all the cows.

5 0
3 years ago
In the United States many farms are integrated into a large food-production industry. This is known as:
Zielflug [23.3K]
Agribusiness, i believe is your answer

hope this helps :)
8 0
3 years ago
Read 2 more answers
The following statement(s) regarding Utility Functions is/are true: Utility Functions are usually a function of wages. Utility i
jonny [76]

Answer:

Utility increases at a decreasing rate.

Explanation:

Utility is the total satisfaction derived from consumptjon.

The utility function measures the total satisfaction derived from consumptjon.

Utility increases at a decreasing rate.

This can be illustrated with an example.

Imagine I am coming from a desert with no access to drinking water. I am very thirsty. The satisfaction I would derive from the first cup of water would be the highest. After my first cup, the utility I would derive from other cups would be diminishing.

7 0
2 years ago
Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly competitive market. In su
Triss [41]

Answer and Explanation:

Perfect competition is a competitive market where there is a very wide number of buyers and sellers who offer the same or similar goods with great product and service information. Furthermore, this sector has free entry and exit

So it is a perfectly competitive market, also it cannot influence the market price also there are price takers

Also the given statement is false as it represents the monopoly market not the perfect competition market

5 0
3 years ago
Other questions:
  • Why is it important not to leave your personal information on a public computer?
    13·1 answer
  • Which of the following American groups benefited the most from China's turn toward capitalism?
    11·1 answer
  • The following data reflects the number of defects produced on a assembly line at the Deerfield electronics company for the past
    10·1 answer
  • Suppose a monopolist produces two different products. If the marginal cost of producing one is lower than the marginal cost of p
    12·1 answer
  • Which of the following accounts is not closed? Question 3 options: A. Depreciation expense B. Dividends C. Service revenue D. Ac
    15·1 answer
  • What is a common misconception about Agile and DevOps?
    14·1 answer
  • On January 1, 2013, Warfield Co. purchased a $600,000 machine, with a five-year useful life and no salvage value. The machine wa
    5·1 answer
  • Both __________ and __________ affect the awareness and motivation of a firm to undertake actions and responses. a. first-mover
    15·1 answer
  • A recent study on enrollment at a liberal arts college concluded that demand elasticity is 0.91. The administration is consideri
    6·1 answer
  • A discount bond is also called a ________ because the owner does not receive periodic payments.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!