Question
Vainshtein Manufacturing Company has labor costs as follows: Gross Wages Factory...........$1,000,000 Net Wages Factory....................840,000 Employee Payroll Taxes Payable 100,000 you want to record the cost
Vainshtein Manufacturing Company has labor costs as follows:
Gross Wages Factory...........$1,000,000
Net Wages Factory....................840,000
Employee Payroll Taxes Payable 100,000
you want to record the cost of factory labor and payroll tax expense. The debit to factory labor would be:
Question 4 options:
| 940,000 |
| 1,000,000 |
| 1,100,000 |
| 900,000 |
A journal entry to transfer $33,000 of direct materials and $4,500 of indirect materials from the storeroom would look like this:
Question 5 options:
| Manufacturing Overhead 37,500 Raw materials inventory 37,500 |
| Work in Process Inventory 33,000 Manufacturing Overhead 4,500 Raw materials Inventory 37,500 |
| Work in Process Inventory 33,000 Raw Materials Inventory 33,000 |
| Direct materials 33,000 Indirect Materials 4,500 Work in Process Inentory 37,500 |
Select all the types of manufacturing that are appropriate for process cost systems
Question 6 options:
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