User Account

All Pages

What the correct journal entry to record the indirect labor

Assignment Help Accounting Basics
Reference no: EM132737035

Problem - XYZ company paid $285,000 of labor costs for construction jobs completed during the month of August, of which $212,000 was direct and $73,000 was indirect supervisory costs. What the correct journal entry to record the indirect labor for the month?

a. Debit Factory Overhead; credit Factory Wages Payable.

b. Debit Supervisor Wage Expense; credit Factory Overhead.

c. Debit Supervisor Wage Expense; credit Factory Wages Payable.

d. Debit Factory Overhead; credit Cash.

e. Debit Factory Wages Payable; credit Factory Overhead.

Reference no: EM132737035

Questions Cloud

Health administration : Identify the process by which you can propose a policy change and how that proposal would navigate through leadership to get approved.
What is racial profiling : What is "racial profiling?" How does the "stop-and-frisk" policy in New York City utilize racial profiling? What percentage of people who are stopped
Examples for the benefits of the diversity : Explain and give examples for the benefits of the diversity
Key elements of a full narrative case study : What are the key elements of a full narrative case study?
What the correct journal entry to record the indirect labor : XYZ company paid $285,000 of labor costs for construction jobs completed during the month of August, What the correct journal entry to record the indirect labor
What is the purpose of human life : What "three directions" are we "threatened with suffering"? What are some of the "palliative measures" men and women take to "bear" life's "pains
Why a leadership role will help you grow : Why a leadership role will help you grow, and help the company?
Vast amount of material pertaining to business law : As this class draws to an end, you covered a vast amount of material pertaining to business law.
Do think that argument succeeds : Error, al-Ghazali argues that neither sense-data nor rational data can provide secure and certain knowledge. Do you think that his argument succeeds?

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