Why is there no direct labour inventory account on a manufacturing companys balance sheet?
Question:
Why is there no direct labour inventory account on a manufacturing company’s balance sheet?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Direct labour costs are incurred at t...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
Question Posted:
Students also viewed these Business questions
-
Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2016, Job No. 50 was the only job in process. The costs...
-
Lowry Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour hours. On January 1, 2016, Job No. 25 was the only job in process. The costs incurred...
-
Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2012, Job No. 50 was the only job in process. The costs...
-
At t = 0, a particle is traveling parallel to very large insulating plate at a 0.360 m distance with a speed of 980 m/s. Consider that the insulating plate has uniform surface charge density 2.34. x...
-
Show that the deviation angle d for a ray striking a thin converging lens at a distance d from the principal axis is given by = d / f. Therefore, a ray is bent through an angle d that is...
-
In Problems 4974, establish each identity. sin (70) = sin
-
Choose a simple example of a situation in which you wanted others to change. Apply the Gestalt cycle of experience to the situation, noting the actions you could take at each point. (p. 249)
-
City Cycles has just started selling the new Z-10 mountain bike, with monthly sales as shown in the table. First, co-owner Amit wants to forecast by exponential smoothing by initially setting...
-
On December 31, Lujack Company held the following shortterm available-for-sale securities. Lujock had no short-term investments prot to the current period. Prepare the December 3t yearend adjurting...
-
International Foods, a U.S. company, acquired two companies in 2013. As a result, its consolidated financial statements include the following acquired intangibles: Intangible Asset Date of...
-
Unexpired costs are always inventory costs. Do you agree? Explain.
-
What is the advantage of the contribution approach as compared with the absorption approach?
-
Estimate the number of items in each photograph in Problems 3740.
-
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period...
-
Panguitch Company had sales for the year of $100,000. Expenses (except for income taxes) for the year totaled $80,000. Of this $80,000 in expenses, $10,000 is bad debt expense. The tax rules...
-
Assume that the composition of federal outlays and receipts shown in the figure remained the same in 2019. In the figure, the categories "Defense and homeland security" and "Non-defense...
-
1) A car's age is a _ variable. Quantitative O Categorical 2) A car's maker is a variable O Quantitative Categorical 3) A house's square footage is a _________variable O Quantitative O Categorical 4)...
-
The following table shows the distribution of clients by age limits. Use the grouped data formulas to calculate the variance and standard deviation of the ages. Rango de edad Cantidad de clientes...
-
In Problem refer to the following graph of y = f(x): lim f(x) = ?
-
In a large midwestern university, 30% of the students live in apartments. If 200 students are randomly selected, find the probability that the number of them living in apartments will be between 55...
-
List three quantitative financial measures of performance in a manufacturing organization of your choice.
-
List three quantitative financial measures of performance in a service organization of your choice.
-
List three quantitative non financial measures of performance in a manufacturing organization of your choice.
-
An investor wants to purchase a zero coupon bond from Timberlake Industries today. The bond will mature in exactly 5.00 years with a redemption value of $1,000. The investor wants a 12.00% annual...
-
Which of the following statements regarding traditional cost accounting systems is false? a. Products are often over or under cost in traditional cost accounting systems. b. Most traditional cost...
-
Bart is a college student. Since his plan is to get a job immediately after graduation, he determines that he will need about $250,000 in life insurance to provide for his future wife and children...
Study smarter with the SolutionInn App