35,36,37

QUESTION 35 Journalizing the entry to record the indirect labor costs incurred for general factory use would include a debit to a. Wages Expense b. Wages Payable c. Factory Overhead d. Cost of Goods Sold QUESTION 36 An example of a period cost is a. advertising expense b. property taxes on plant facilities c. depreciation on factory equipment d. indirect materials QUESTION 37 Finished goods inventory is reported on the a. balance sheet as a long-term asset b. balance sheet as a current asset c income statement as a period cost d. income statement as revenue