Answered: When a manufacturing company uses…

When a manufacturing company uses direct labor, it assigns the cost by debiting O A. Wages Payable. O B. Manufacturing Overhead. O C. Direct Labor. D. Work-in-Process Inventory.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 10MC: Assigning indirect costs to specific jobs is completed by which of the following? applying the costs...

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Question

Please explain it properly

When a manufacturing company uses direct labor, it assigns the cost by debiting
O A. Wages Payable.
B. Manufacturing Overhead.
O C. Direct Labor.
O D. Work-in-Process Inventory.

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In a job order cost system, indirect labor incurred is debited to which account? A. work in process inventory B. finished goods inventory C. manufacturing overhead D. cost of goods sold
In a job order cost system, overhead applied is debited to which account? A. work in process inventory B. finished goods inventory C. manufacturing overhead D. cost of goods sold
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Assigning indirect costs to specific jobs is completed by which of the following? applying the costs to manufacturing overhead using the predetermined overhead rate using the manufacturing costs incurred applying the indirect labor to the work in process inventory
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Assigning indirect costs to departments is completed by __________________________. applying the predetermined overhead rate debiting the manufacturing costs incurred applying the costs to manufacturing overhead applying the costs to work in process inventory