WEEK $2,2024$

Question $17$ of $34$

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Which statement is true with regard to factory labour costs?

It is added to the Factory Labour account and later assigned to Work in Process Inventory or Manufacturing Overhead.

It represents the net amount paid to factory workers for work on jobs.

Amounts incurred during a particular year that have not been allocated to jobs are carried over to the next year.

These costs are accrued before incurred.

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