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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.

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Answer:

A. mechanical skills

B. physical flexibility

E. good eyesight

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H. attention to detail

Explanation:

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3 years ago
Suppose the equilibrium price of a pound of bacon is $3.50. The government decides that people have a right to a pound of bacon
VikaD [51]

Answer:

The correct answer is option D.

Explanation:

The equilibrium price of a pound of bacon is $3.50.

In order to protect the consumers, the government imposes a binding price ceiling of $1.50.  

This price ceiling will create a shortage of bacon or an excess demand for bacon in the market.  

Because of the law of demand and law of supply, at price lower than the equilibrium price, the quantity demanded will be higher while the quantity supplied will be lower.  

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4 years ago
Bolt Corp. dismissed Ace as its general sales agent and notified all of Ace’s known customers by letter. Young Corp., a retail o
makkiz [27]

Answer:

The correct option is C

Explanation:

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4 0
4 years ago
Where would you go to set up margins on a letter?
slava [35]

Answer:

B

Explanation:

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3 0
4 years ago
Read 2 more answers
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Answer:

d) manage inventory prior to items reaching the sales floor

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