l 69%4G+11:55 MEmployer Payroll Taxes Payable $3,000 anda credit to Factory Wages payable $95,000None of the aboveTime tickets indicated 9,000 labor hours inthe production of Job .115, out of which6,000 were direct labor hours. Thecompany pays $8 per each labor hour. Theentry to record this transaction is:A debit to Work in Process Inventory$48,000 and a credit to Factory Labor$48,000A debit to Work in Process InventoryO $72,000 and a credit to Factory Labor$72,000A debit to Work in Process Inventory$48,000, a debit to manufacturingoverhead $24,000, and a credit to FactoryLabor $72,000O None of the aboveThe journal entry to record the completionof Job No.114 at a cost of $18,000 wouldinclude: * 11:56 M19 ull 69% idocs.google.com/forms/d/e/112P40,000, a uebit to manulattumgoverhead $24,000, and a credit to FactoryLabor $72,000None of the aboveThe journal entry to record the completionof Job No.114 at a cost of $18,000 wouldinclude: *A debit to Work in Process Inventory$18,000 and a debit to Finished GoodsInventory $18,000A credit to Work in Process Inventory$18,000 and a debit to Finished GoodsInventory $18,000A debit to Work in Process Inventory$18,000 and a credit to Finished GoodsInventory $18,000O None of the aboveGoods costing $15,000 were sold for$20,000 on account. The entry to recordthis transaction would include: *

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Description: l 69%4G+11:55 MEmployer Payroll Taxes Payable $3,000 anda credit to Factory Wages payable $95,000None of the aboveTime tickets indicated 9,000 labor hours inthe production of Job .115, out of which6,000 were direct labor hours. Thecompany pays $8 pe

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Time tickets indicated 9,000 labor hours in the production of Job .115, out of which 6,000 were direct labor hours. The company pays $8 per each labor hour. The entry to record this transaction is: * A debit to Work in Process Inventory $48,000 and a credit to Factory Labor $48,000 A debit to Work in Process Inventory $72,000 and a credit to Factory Labor $72,000 A debit to Work in Process Inventory $48,000, a debit to manufacturing overhead $24,000, and a credit to Factory Labor $72,000 None of the above

Time tickets indicated 9,000 labor hours in the production of Job .115, out of which 6,000 were direct labor hours. The company pays $8 per each labor hour. The entry to record this transaction is: * A debit to Work in Process Inventory $48,000 and a credit to Factory Labor $48,000 A debit to Work in Process Inventory $72,000 and a credit to Factory Labor $72,000 A debit to Work in Process Inventory $48,000, a debit to manufacturing overhead $24,000, and a credit to Factory Labor $72,000 None of the above

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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