28. The amount of time spent by an employee in the factory is usually recorded on:...

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28. The amount of time spent by an employee in the factory is usually recorded on: a. time tickets b. job order cost sheets c. employees' earnings records d. statement of owners'equity 29. The entry to record the flow of direct labor costs into production in a job order cost accounting system is: a. debit Factory Overhead, credit Work in Process b. debit Finished Goods, credit Wages Payable debit Work in Process, credit Wages Payable c. blurd. debit Factory Overhead, credit Wages Payable 30. If the amount of factory overhead cost incurred exceeds the amount applied, the 20 factory overhead account will have a: a. debit balance and be underapplied b. credit balance and be underapplied c. credit balance and be overapplied d. debit balance and be overapplied 31. The recording of the factory labor incurred for general factory use would include a debit to: 000,000,1 a. Factory Overhead b. Wages Payable c. Wages Expense d. Cost of Goods Sold 32. The recording of the jobs completed would include a debit to: a. Factory Overhead b. Finished Goods c. Work in Process d. Cost of Goods Sold 33. Pinhead Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 2,300 direct labor hours, the work in process account will be debited and factory overhead will be credited for: a. $21,850 b. $2,300 c. $95,000 d. cannot be determined TE 34. When job 711 was completed, direct materials totaled $4,000; direct labor, $5,600; and factory overhead, $2,400 respectively. Units produced totaled 1,000. Unit costs are: a. $12,000 b. $1,200 28. The amount of time spent by an employee in the factory is usually recorded on: a. time tickets b. job order cost sheets c. employees' earnings records d. statement of owners'equity 29. The entry to record the flow of direct labor costs into production in a job order cost accounting system is: a. debit Factory Overhead, credit Work in Process b. debit Finished Goods, credit Wages Payable debit Work in Process, credit Wages Payable c. blurd. debit Factory Overhead, credit Wages Payable 30. If the amount of factory overhead cost incurred exceeds the amount applied, the 20 factory overhead account will have a: a. debit balance and be underapplied b. credit balance and be underapplied c. credit balance and be overapplied d. debit balance and be overapplied 31. The recording of the factory labor incurred for general factory use would include a debit to: 000,000,1 a. Factory Overhead b. Wages Payable c. Wages Expense d. Cost of Goods Sold 32. The recording of the jobs completed would include a debit to: a. Factory Overhead b. Finished Goods c. Work in Process d. Cost of Goods Sold 33. Pinhead Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 2,300 direct labor hours, the work in process account will be debited and factory overhead will be credited for: a. $21,850 b. $2,300 c. $95,000 d. cannot be determined TE 34. When job 711 was completed, direct materials totaled $4,000; direct labor, $5,600; and factory overhead, $2,400 respectively. Units produced totaled 1,000. Unit costs are: a. $12,000 b. $1,200

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The detailed answer for the above question is provided below 28 The amount of time spent by an employee in the factory is usually recorded on time tickets Time tickets are used to track the time an em... View the full answer