Showing posts with label actual labor costs. Show all posts
Showing posts with label actual labor costs. Show all posts

Saturday, October 19, 2019

Which of the following would be credited to accumulate the actual labor costs incurred?

Which of the following would be credited to accumulate the actual labor costs incurred?



A) manufacturing overhead
B) work in process inventory
C) manufacturing wages
D) wages payable


Answer: D

Which of the following would be debited to record direct labor costs actually incurred?



A) wages payable
B) manufacturing wages
C) manufacturing overhead
D) finished goods inventory


Answer: B

Which of the following would be debited to assign the costs of indirect labor?



A) manufacturing overhead
B) wages payable
C) finished goods inventory
D) work in process inventory


Answer: A

Bull Gator Industries is considering a new assembly line costing $6,000,000. The assembly line will be fully depreciated

Bull Gator Industries is considering a new assembly line costing $6,000,000. The assembly line will be fully depreciated by the simplified s...