1. The amount of time spent by an employee on an individual job arerecorded on a. employees'...
Question:
1.
The amount of time spent by an employee on an individual job arerecorded on
a. employees' earnings records
b. time tickets
c. in-and-out cards
d. pay stubs
2.
Period costs are
a. classified as direct labor, direct material, or factoryoverhead
b. found on the balance sheet
c. not involved in the production process
d. found on the job order cost sheets
3.
During the period, labor costs incurred on account amounted to$175,000, including $150,000 for production orders and $25,000 forgeneral factory use. In addition, factory overhead charged toproduction was $32,000. The entry to record the direct labor costsis
a. Work inProcess 150,000
WagesPayable 150,000
b. Work inProcess 175,000
WagesPayable 175,000
c. WagesPayable 150,000
Work inProcess 150,000
d. WagesPayable 175,000
Work inProcess 175,000
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill