12. Viaje Manufacturing incurred P106,000 of direct labor and P11,000 of indirect labor. The proper journal entry to record these events would include a debit to Work in Process for: a. PO because Work in Process should be credited. b. PO because Work in Process is not affected. C. P11,000. d. P106,000.
12. Viaje Manufacturing incurred P106,000 of direct labor and P11,000 of indirect labor. The proper journal entry to record these events would include a debit to Work in Process for: a. PO because Work in Process should be credited. b. PO because Work in Process is not affected. C. P11,000. d. P106,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:12. Viaje Manufacturing incurred P106,000 of direct labor and P11,000 of
indirect labor. The proper journal entry to record these events would
include a debit to Work in Process for:
a. PO because Work in Process should be credited.
b. PO because Work in Process is not affected.
C. P11,000.
d. P106,000.
13. The following information relates to October:
Production supervisor's salary: P2,500
Factory maintenance wages: 250 hours at P8 per hour
The journal entry to record the preceding information is:
a. Factory Overhead Control
4,500
Wages Payable
4,500
b. Wages Payable
4,500
Applied manufacturing Overhead
4,500
4,500
C. Work-in-Process Inventory
Wages Payable
d. Work-in-Process Inventory
Manufacturing Overhead
Wages Payable
4,500
2,500
2,000
4,500
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