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A manufacturer paid its factory payroll of $90,000 in cash. The journal entry to record this transaction consists of a debit to Factory Wages Payable
A manufacturer paid its factory payroll of $90,000 in cash. The journal entry to record this transaction consists of a debit to Factory Wages Payable for $90,000 and a credit to Cash for $90,000. True False A disadvantage of both the plantwide and departmental overhead rate methods is that they are costly and difficult to implement. True False
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