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Debit direct labor
Credit cash / bank
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The entry to record direct labor costs into production in a job order cost accounting system is?
debit factory overhead, credit wages payable
Manufactured overhead costs N500 000.00 units produced 10 000 direct materials N24.00 and direct labor N12.00 what is a predetermined overhead rate?
What journal entry is made in a job-order costing system when $8000 of material are requisitioned for general factory use instead of for use in a particular job?
What is the differences between Fixed Direct labor with variable direct labor?
Direct labor which do not vary with level of production is fixed direct labor while labor vary with change in production is variable direct labor.
What is the average direct labor cost in manufacturing?
Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2
What is direct labor in service industry?
Direct labor is labor that directly interacts with customers in the service industry. For instance, waitresses are considered direct labor.
What is the journal entry to record materials issued into production?
debit WIP Credit labor, Raw materials
The entry to record direct labor costs into production in a job order cost accounting system is?
debit factory overhead, credit wages payable
Manufactured overhead costs N500 000.00 units produced 10 000 direct materials N24.00 and direct labor N12.00 what is a predetermined overhead rate?
What journal entry is made in a job-order costing system when $8000 of material are requisitioned for general factory use instead of for use in a particular job?
When was Journal of Labor Economics created?
Journal of Labor Economics was created in 1983.
What is the differences between Fixed Direct labor with variable direct labor?
Direct labor which do not vary with level of production is fixed direct labor while labor vary with change in production is variable direct labor.
What is the average direct labor cost in manufacturing?
Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2
What is direct labor in service industry?
Direct labor is labor that directly interacts with customers in the service industry. For instance, waitresses are considered direct labor.
What is direct material and direct labor?
Direct material is material that is contained in the final product. Direct labor is labor that ultimately forms the final product.
What is a direct labor budget?
Direct labor budget tells the management that how much direct labor is required to finish the production of units.
What type of cost is direct labor?
direct labor is direct cost attributable to production of goods.
How do you compute predetermined overhead rate as a percentage of direct labor costs and direct labor hours?
Predetermined overhead rate based on direct labor cost = Budgeted overhead cost / direct labor cost / 100 Predetermined overhead rate based on direct labor cost = budgeted overhead cost / direct labor hours.
What is direct labor and direct materials?
Direct Material: Basic material ingredient to manufacture unit of product is called direct material Direct Labor: The basic labor force which is required to make any unit of product and without which it is not possible to make unit of product is called direct labor
