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Needles Manufacturing pays its direct labor employees $20 per hour. During the current period, 500 direct labor hours were recorded on employee time cards, and the company actually paid its direct labor employees $8,500. Prepare the summary journal entry to record: a. Direct labor costs applied to all jobs during the period. b. Direct labor wages paid during the period. c. What is the balance of the Direct Labor account at the end of the period?

Needles Manufacturing pays its direct labor employees $20 per hour. During the current period, 500 direct labor hours were recorded on employee time cards, and the company actually paid its direct labor employees $8,500. Prepare the summary journal entry to record: a. Direct labor costs applied to all jobs during the period. b. Direct labor wages paid during the period. c. What is the balance of the Direct Labor account at the end of the period?

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter8: Payroll Accounting: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1CP: Irina Company pays its employees weekly. The last pay period for 20-1 was on December 28. From...
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Needles Manufacturing pays its direct labor employees $20 per hour. During the current period, 500 direct labor hours were recorded on employee time cards, and the company actually paid its direct labor employees $8,500. Prepare the summary journal entry to record: a. Direct labor costs applied to all jobs during the period. b. Direct labor wages paid during the period. c. What is the balance of the Direct Labor account at the end of the period? Complete this question by entering your answers in the tabs below. Req A and B Req C a. Direct labor costs applied to all jobs during the period. b. Direct labor wages paid during the period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the entry to apply direct labor costs to production. Note: Enter debits before credits. Debit Credit Transaction General Journal a.
Transcribed Image Text:Needles Manufacturing pays its direct labor employees $20 per hour. During the current period, 500 direct labor hours were recorded on employee time cards, and the company actually paid its direct labor employees $8,500. Prepare the summary journal entry to record: a. Direct labor costs applied to all jobs during the period. b. Direct labor wages paid during the period. c. What is the balance of the Direct Labor account at the end of the period? Complete this question by entering your answers in the tabs below. Req A and B Req C a. Direct labor costs applied to all jobs during the period. b. Direct labor wages paid during the period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the entry to apply direct labor costs to production. Note: Enter debits before credits. Debit Credit Transaction General Journal a.
Needles Manufacturing pays its direct labor employees $20 per hour. During the current period, 500 direct labor hours were recorded on employee time cards, and the company actually paid its direct labor employees $8,500. Prepare the summary journal entry to record: a. Direct labor costs applied to all jobs during the period. b. Direct labor wages paid during the period. c. What is the balance of the Direct Labor account at the end of the period? Complete this question by entering your answers in the tabs below. Req A and B Req C What is the balance of the Direct Labor account at the end of the period? Balance < Req A and B Req C >
Transcribed Image Text:Needles Manufacturing pays its direct labor employees $20 per hour. During the current period, 500 direct labor hours were recorded on employee time cards, and the company actually paid its direct labor employees $8,500. Prepare the summary journal entry to record: a. Direct labor costs applied to all jobs during the period. b. Direct labor wages paid during the period. c. What is the balance of the Direct Labor account at the end of the period? Complete this question by entering your answers in the tabs below. Req A and B Req C What is the balance of the Direct Labor account at the end of the period? Balance < Req A and B Req C >
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