XYZ company paid wages to their workforce of $120,000, out of which 30% is indirectly related to production. Which of the following entry is related to indirect wages charged to production. Debit wages control account by $36,000; Credit bank by $36,000. b. Debit factory overhead control account by $120,000; Credit wages control account by $120,000. c. Debit factory overhead control account by $36,000; Credit wages control account by $36,000. d. Debit work-in-progress control account by $36,000; Credit wages control account by $36,000.

XYZ company paid wages to their workforce of $120,000, out of which 30% is indirectly related to production. Which of the following entry is related to indirect wages charged to production. Debit wages control account by $36,000; Credit bank by $36,000. b. Debit factory overhead control account by $120,000; Credit wages control account by $120,000. c. Debit factory overhead control account by $36,000; Credit wages control account by $36,000. d. Debit work-in-progress control account by $36,000; Credit wages control account by $36,000.

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Description: XYZ company paid wages to their workforce of $120,000, out of which 30% is indirectlyrelated to production. Which of the following entry is related to indirect wages charged toproduction.a. Debit wages control account by $36,000; Credit bank by $36,

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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