Solution-Make a journal to record the incurred labor costs

Make a journal to record the incurred labor costs

Reference no: EM132634278

Question 1. Raw materials for an order can be returned to the warehouse for several reasons such as unused (idle), not according to specifications, or defects. Make a journal for this condition.

Question 2. At the end of each period the salary is usually paid based on the salary list made. Keep a journal to record the incurred labor costs.

Question 3. In relation to the questions above, in practice most of the labor costs are distributed monthly by sorting the employee working hour cards for each order and the data is entered in the order cost card. Keep a journal for these conditions. Describe the placement of the accounts Direct Labor Costs and Indirect Labor Costs in the journal.

Reference no: EM132634278

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Make a journal to record the incurred labor costs

Reference no: EM132634278

Reference no: EM132634278

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