nland Company has the following labor costs: Factory—Gross wages $540000 Factory—Net wages 440000 Employer Payroll Taxes Payable 54000 The amount recorded as an increase to Factory Labor will be $540000. $594000. $4860

nland Company has the following labor costs: Factory—Gross wages $540000 Factory—Net wages 440000 Employer Payroll Taxes Payable 54000 The amount recorded as an increase to Factory Labor will be $540000. $594000. $4860

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Buckhorn Company's accounting records noted the following amounts for company payroll costs. What amount of payroll would be categorized as a period cost? Payroll Costs: Marketing director salary Factory manager salary Commissions paid to sales staff Administrative personnel wages Wages of production workers Multiple Choice C $302,000 $327,000 $615,000 $376,000 $164,000 $99,000 $74,000 $64,000 $214,000
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