Journal entry to record the accrual of these wages

Assignment Help Financial Accounting
Reference no: EM13864473

During October, Dorinirl Corporation incurred $60,000 of direct labor costs and $5,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:

debit to Work in Process of $60,000

debit to Work in Process of $65,000

credit to Work in Process of $60,000

credit to Work in Process of $65,000

Reference no: EM13864473

Questions Cloud

Prepare a sales budget by quarter for the next year : Locksafe Company manufactures burglar-resistant commercial door locks. Recently, the company began selling locks on the Web. Based on this information prepare a sales budget by quarter for the next year.
Plagiarism is considered to be fraud : A forensic audit is generally a sampling activity. The smoking gun to convict Al Capone was a cash receipts journal with Capone's name on it. A forensic accountant does not search public records. Plagiarism is considered to be fraud.
Generally classified as current liability : Which of the following is generally classified as a current liability? Which of the following taxes would be subtracted in calculating an employee's net pay? Anton Company issued an $80,000, 6%, 120-day note payable to Bailey Company on June 8th. Wha..
Calculate average cost for each given unit : Lambert Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Calculate average cost for each unit.
Journal entry to record the accrual of these wages : During October, Dorinirl Corporation incurred $60,000 of direct labor costs and $5,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:
Did any characteristics of your client change : You are an auditor filing an 8-K Interim Event. Describe your client and what circumstances led you to decide you needed to file this report.
Products that are manufactured using these processes : Name products that are manufactured using these processes and write 2 sentences on why you know it's made from this process. Pick 10/16 processes
Prepare a memo for janet outlining the reporting requirement : As the Payroll Supervisor, prepare a memo for Janet outlining the remittance and specific T4 reporting requirements if this plan is introduced.
How many autoimmunity tests per year will have to be perform : How many autoimmunity tests per year will have to be performed on the array machine to break even?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How many shares of poon industries did alutto purchase

Prepare Poon Industries' balance sheet as of June 30, 2012 on the answer sheet presented on the next page.  If an account should not appear on Poon's balance sheet, put XXX in the blank for the account on the answer sheet.

  Illustrate what is the amount of dividends received

There were no dividends declared in 2009. The board of directors declares and pays a $90,000 dividend in 2010 and in 2011. Illustrate what is the amount of dividends received by the common stockholders in 2011?

  What is the firms current earnings ratio

What are the required return and risk premium for Oneway Ltd's shares using the capital asset pricing model (CAPM), assuming the beta of 1.10?

  Discuss if assistant cost accountant behaved in ethical way

A manufacturing company allows employees to purchase, at cost, manufacturing materials such as metal and lumber, for personal use. Discuss if the assistant cost accountant behaved in an ethical way.

  Determine the direct labor rate variance

Determine the direct labor rate variance? Evaluate the standard direct labor rate?

  Finding bond coupon rate current rate and yield to

finding bond coupon rate current rate and yield to maturity.1.nbspif the one million additional shares can only be

  What is the cost of the direct materials

What is the cost of the direct materials used in production during July and what is the cost of goods manufactured for July?

  Part of the manufacturing overhead of a chemical plant

All of the following statements regarding management accounting's role in assigning decision-making authority are true except: Which of the following costs would not be considered part of the manufacturing overhead of a chemical plant? Refer to the i..

  Question 49-matt holland president of holland electronics

question 49-matt holland president of holland electronics was anxious about the end-of-the year marketing report that

  Calculate rotary hospitals total variance

Calculate Rotary Hospital's total variance between its budget and actual nurse labour expense. How much of this variance was due to actual patient numbers being different from the budget

  What will be the budgeted purchases for july

Budgeting involves computation of budgeted purchase - Given the above information, what will be the budgeted purchases for July? Round your answer to the nearest whole dollar.

  Identify the substantive test

Identify the substantive test that should detect each misstatement. For each test, indicate the financial statement assertion(s) to which it pertains.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd