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Ksju [112]
4 years ago
11

The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is:________.

Business
1 answer:
Lilit [14]4 years ago
6 0

Answer:

C. debit Vacation Pay Expense; credit Vacation Pay Payable

Explanation:

In as much as the name implies, debit vacation pay expense of the said worker is moved to his/her credit vacation pay payable. And cases like this comes up when the said worker is about to go on a vacation. This vacation pay expense is been considered a liability because it causes depreciation in equity.

Therefore accrued vacation privileges of an employer are times in which a worker has to go on a free working period that in some cases can be a vacation which deals with a debit Vacation Pay Expense; credit Vacation Pay Payable by the end of the year.

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Answer:

A) Person

Explanation:

Collin's supervisor will have to determine his individual needs and readiness for training. This process is called person analysis.

6 0
3 years ago
Please i need help with this !!
Aleks [24]

Answer:

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7 0
3 years ago
There are 8 kinds of sewing machine. Are all of them are used for constructing a garment? Why?
qaws [65]
No, they can be used for mechanical uses
5 0
3 years ago
In the United States banking policies and procedures are set by the:
vfiekz [6]

Answer:

Federal Reserve.

Explanation:

Federal Reserve is a large central bank in Washington, D.C. that was founded in 1913. It lends money to other, smaller banks.

6 0
3 years ago
Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased $
olga_2 [115]

Answer:

Cost of goods manufactured= $87100

Explanation

Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.

Generally accepted accounting principles require that the cost of goods sold shall consist of:

the cost of direct materials

the cost of direct labor

the cost of manufacturing overhead

Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.

In this exercise:

<u>Cost of goods manufactured:</u>

Direct materials= $56,000

Direct Labor=$15,600

Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500

Total= $87100

Note: Salesperson commissions and  Depreciation expense Delivery equipment are not included in factory overhead

4 0
3 years ago
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