The amounts to be included in the standard price of direct labor aregenerally determined by:a. each employee's supervisor.b. the plant manager.c. the payroll department.d. the CFO.

The correct answer is:c. the payroll department. Explanation:The standard price of direct labor…

Answered: The amounts to be included in the…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 16Q

See similar textbooks

Similar questions

The salary paid to the president of a company would be classified on the income statement as a(n): Multiple Choice direct labor cost. O selling expense. administrative expense. manufacturing overhead cost.
Which of the following is not a period cost? Group of answer choices Sales commissions. Public relations costs. The salary of a company's chief financial officer (CFO). Legal costs. Wages of assembly-line workers.
In job order costing, on which of the following would labor costs be initially recorded? a. payroll register b. time tickets c. job cost sheets d. clock cards
Marketing Executive's Salary would be categorized as: a. Product and direct material costs. b. Product and direct labor costs. c. Product and manufacturing overhead costs. d. Period and selling/marketing costs.
Overtime salary and Nightshift allowance are examples of _______. A. Direct Labour cost B. General and Administrative Cost C. Indirect Labour cost D. Manufacturing Overhead
Which of the following is not a period cost? A. Legal B. Public relations costs. C, Sales commissions. D. Wages of assembly-line workers.
What document is used to determine the actual amount of direct labor to record on a job cost sheet? a. Wages payable account O b. Payroll register c. Time ticket d. Production order
How would salaries of supervisors in the factory be classified? Group of answer choices direct labor indirect labor administrative period cost
Oberti Guitar Company makes high-quality customized guitars. Oberti uses a job order costing system. Because the guitars are handmade, the company applies overhead based on direct labor hours. At the beginning of the year, the company estimated that total manufacturing overhead costs would be $300,000 and that 20,000 direct labor hours would be worked. At year-end, Anthony, the company's founder and CEO, gives you the following information regarding Oberti's operations. 1. The beginning balances in the inventory accounts were: Raw Materials Inventory $8,000 Work in Process Inventory $26,000 Finished Goods Inventory $32,000 2. During the year, the company purchased raw materials costing $97,000. All purchases were made on account. 3. The production department requisitioned $100,000 of raw materials for use in production. Of those, 70% were direct materials and 30% were indirect materials. 4. The company used 21,000 direct labor hours at a cost of $14 per hour during the year (credit…
How to calculate gross pay and net pay for employees.
accounting
CEO salary is categorized as: a. Direct material cost. b. Direct labor cost. c. Manufacturing overhead cost. d. selling and marketing costs. e. general and administrative costs.

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

PAYROLL ACCT., 2019 ED.(LL)-TEXT

Accounting

ISBN:

9781337619783

Author:

BIEG

Publisher:

CENGAGE L

College Accounting, Chapters 1-27

Accounting

ISBN:

9781337794756

Author:

HEINTZ, James A.

Publisher:

Cengage Learning,

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

PAYROLL ACCT., 2019 ED.(LL)-TEXT

Accounting

ISBN:

9781337619783

Author:

BIEG

Publisher:

CENGAGE L

College Accounting, Chapters 1-27

Accounting

ISBN:

9781337794756

Author:

HEINTZ, James A.

Publisher:

Cengage Learning,

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS

The amounts to be included in the standard price of direct labor are generally determined by: a. each employee's supervisor. b. the plant manager. c. the payroll department. d. the CFO.