Question

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

Answer 1

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.