In a Job-Order Costing System, Direct Labour Costs Are Usually

question 74

Multiple Choice

In a job-order costing system, direct labour costs are usually recorded initially with a debit to:

• A)Finished Goods inventory.
• B)Manufacturing Overhead.
• C)Direct Labour Expense.
• D)Work in Process.

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Definitions:

Artisan's Lien

A legal claim or right granted to craftsmen or repairers over the property they have serviced or improved, until payment is received.

Judicial Lien

A lien obtained by a creditor upon a debtor's property, granted by a court judgment, to secure payment of a debt.

Super-Priority Lien

A lien that takes precedence over all other liens or claims against a property, typically due to statutory provisions.

Equitable Liens

A legal right or interest in a debtor's property, granted by a court to a creditor as a form of security for a debt or obligation.