In: Accounting
1.
The amount of time spent by an employee on an individual job are recorded on
a. employees' earnings records
b. time tickets
c. in-and-out cards
d. pay stubs
2.
Period costs are
a. classified as direct labor, direct material, or factory overhead
b. found on the balance sheet
c. not involved in the production process
d. found on the job order cost sheets
3.
During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 for general factory use. In addition, factory overhead charged to production was $32,000. The entry to record the direct labor costs is
a. Work in Process 150,000
Wages Payable 150,000
b. Work in Process 175,000
Wages Payable 175,000
c. Wages Payable 150,000
Work in Process 150,000
d. Wages Payable 175,000
Work in Process 175,000