Which the direct labor account is debited

Assignment Help Accounting Basics
Reference no: EM132788392

Question 1: The purchases-raw materials account is debited when

a. direct materials are placed into production.

b. direct materials are purchased.

c. indirect materials are placed into production.

d. indirect materials are purchased.

Question 2: The direct labor account is debited

a. at the end of the payroll period, when employees are paid.

b. when a new factory employee begins work.

c. when related labor costs are transferred into the work in Process Inventory.

d. when the goods manufactured are completed.

Reference no: EM132788392

Questions Cloud

Compute the receivables turnover ratios : Grande's 2019 income statement included net credit sales of $400,000, cost of goods sold of $110,000, Compute the Receivables turnover ratios
Does hyundai motors use carroll social performance model : Does Hyundai Motors use Carroll's Social Performance Model? Explain
Determine the total manufacturing cost : Determine the total manufacturing cost. Repair/Maintenance-Factory 7,000. Depr.-Factory Equipment 10,300. Office Supplies Expense 1,900
What are the levels of management : In an organization, what are the 3 Levels of Management? What are the 3 Types of Organizations? Explain.
Which the direct labor account is debited : Which the direct labor account is debited? when related labor costs are transferred into the work in Process Inventory./ when a new factory employee begins work
Publishing on organisational sustainability policy : What a monitoring reports may include while publishing on an organisational sustainability policy?
Which is not likely to be treated as a product cost : Which is not likely to be treated as a product cost? Portion of the cost of running the quality control department./Wages paid to factory workers.
In what ways is imagination important in business : In what ways is imagination important in business? In business communication?
Conduct a porter five forces analysis : Conduct a Porter's five forces analysis of the used book industry. Is this an attractive industry? Why or why not? Which force(s) have the strongest influence?

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.

  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!

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