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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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Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,400 of direct materials, $6,966 of di
tiny-mole [99]

Answer:

$116,387

Explanation:

Opening work in process = Direct materials + Direct Labor + Overheads

= $2,400 + $6,966 + $10,104

= $19,470

Adding up all the cost for the period, we'll have;

Raw materials = $39,900 used in production

Direct labor cost = $25,110

Overheads to be applied on predetermined rate = 2,500 × $19.6

= $49,000

Total cost incurred including beginning work in process = $133,480

Less: Closing work in process $17,093

Total cost of goods manufactured = $116,387

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3 years ago
An entity should consider the cost of a control in relationship to the risk. Which of the following controls best reflects this
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The answer is D. Your are welcome
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3 years ago
The following information is available for Sunland Company.
dmitriy555 [2]

Answer:

                                     Sunland Company

                        Cost of goods manufactured Schedule

                                           For the year ended

Work in progress                                                      15,470

Direct Materials

Raw material                                       22,250

Add: Raw material purchased           <u>154,500</u>

Total raw material available for use  176,750

Less: Raw material inventory             <u>32,850</u>

Direct material used                                               143,890

Direct labor                                                             225,290

Manufacturing overhead                                        <u>183,120</u>

Total manufacturing costs                                                        <u>552,300</u>

Total cost of work in progress                                                  567,770

Less: Work in process inventory                                                <u>18,560</u>

Cost of goods manufactured                                                    <u>549,210</u>

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3 years ago
70 Marketing Dynamics .. .. : : . . : Part 4: Be Your Own Leader Leaders on a Top Secret Mission On December 6, 2011, a woman wa
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Not trying to be rude but that’s too much for too little amount of points
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2. List at least 4 examples in which your credit score may be used?
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Answer:

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