Homework Answers
Ans. Direct Labor Cost is added to the Work-In-Process Account under Job Costing Method and Indirect Labor is added to the Manufacturing Overhead. Let's record journal entry for Direct labor cost of $167500 and Indirect Labor cost of $42000.
Journal Entries
| Date | General Journal | Debit | Credit |
| 1.a | Labor Cost (Direct) | $167500 | |
| Wages Payable | $167500 | ||
| 1.b | Work-In-Process Account | $167500 | |
| Labor Cost (Direct) | $167500 | ||
| 2.a | Labor Cost (Indirect) | $42000 | |
| Wages Payable | $42000 | ||
| 2.b | Manufacturing Overhead | $42000 | |
| Labor Cost (Indirect) | $42000 |
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PLEASE HELP.....READ THE INSTRUCTION BERY CAREFULLY During the current month, a company that uses job order...
PLEASE HELP.....READ THE INSTRUCTION BERY CAREFULLY
During the current month, a company that uses job order
costing incurred a monthly factory payroll of $180,000. Of this
amount, $40,000 is classified as indirect labor and the remainder
as direct. Prepare journal entries to record these
transactions.
Journal entry worksheet Record the cost of direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general jour View transaction list Journal entry worksheet Record the...
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PLEASE HELP.....READ THE INSTRUCTION BERY CAREFULLY
During the current month, a company that uses job order
costing incurred a monthly factory payroll of $180,000. Of this
amount, $40,000 is classified as indirect labor and the remainder
as direct. Prepare journal entries to record these
transactions.
Journal entry worksheet Record the cost of direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general jour View transaction list Journal entry worksheet Record the...
Saved Help Save & Exit Submit Check my work During the current month, a company that uses job order costing incurred a monthly factory payroll of $204,500. Of this amount, $45,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list ped Journal entry worksheet ook Wint Record the cost of direct labor used. int erences Note: Enter debits before credits. Transaction General Journal Debit Credit 6. Record the cost...
PLEASE HELP...READ THE QUESTIONS CAREFULLY!!!!!
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I need help with my assignment please
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