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Time tickets indicated 8,000 labor hours in the production of Job .115, out of which 1,000 were indirect labor hours. The company pays $10 per each labor hour. The entry to record this transaction is: * A debit to Work in Process Inventory $70,000 and a credit to Factory Labor $70,000 A debit to Work in Process Inventory $90,000, a credit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 A debit to Work in Process Inventory $70,000, a debit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 None of the above

Time tickets indicated 8,000 labor hours in the production of Job .115, out of which 1,000 were indirect labor hours. The company pays $10 per each labor hour. The entry to record this transaction is: * A debit to Work in Process Inventory $70,000 and a credit to Factory Labor $70,000 A debit to Work in Process Inventory $90,000, a credit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 A debit to Work in Process Inventory $70,000, a debit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 None of the above

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...
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Time tickets indicated 8,000 labor hours in the production of Job .115, out of which 1,000 were indirect labor hours. The company pays $10 per each labor hour. The entry to record this transaction is: * A debit to Work in Process Inventory $70,000 and a credit to Factory Labor $70,000 A debit to Work in Process Inventory $90,000, a credit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 A debit to Work in Process Inventory $70,000, a debit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 None of the above
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