User Account

All Pages

Show journal entry to record incurrence of direct labor cost

Assignment Help Accounting Basics
Reference no: EM131850948

Question: Pinkney Corporation has provided the following data concerning its direct labor costs for November:

Required: Show the journal entry to record the incurrence of direct labor costs

Standard wage rate $12.20 per DLH

Standard hours 5.3 DLHs per unit

Actual wage rate $11.20 per DLH

Actual hours 39,720 DLHs

Actual output 7,900 units

Reference no: EM131850948

Questions Cloud

What is the depreciation tax shield : Fill in the missing numbers and then calculate the OCF. What is the depreciation tax shield?
What is the depreciation tax shield : Fill in the missing numbers and then calculate the OCF. What is the depreciation tax shield?
What is the amount to use as the annual sales : What is the amount to use as the annual sales figure when evaluating this project? Why?
Demonstration of knowledge of the issues : High quality written communication of concepts and terms as the Chairman can be assumed to be professionally competent in corporate governance.
Show journal entry to record incurrence of direct labor cost : Pinkney Corporation has provided the following data concerning its direct labor costs for November: Required: Show the journal entry to record the incurrence.
What is the maximum level of accounts receivable : a. What is the maximum level of accounts receivable that ALei can carry and have a 35?-day average collection? period?
How are present values affected by interest rates : Find the following values. Compounding/discounting occurs annually. How are present values affected by interest rates?
What is the bond annual yield to maturity : In the market, this bond currently sells for $1,194.35. What is the bond's annual yield to maturity?
What taxable gain must be reported on the sale of the truck : It was accounted for by using straight line depreciation with zero salvage value. The truck was sold yesterday for $19,000.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd