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The wages and salaries paid to the factory supervisor and janitors are charged to direct labor.
Ratification
The action of formally confirming or approving an agreement, treaty, or contract, making it officially valid.
Authority
The legal right or power to make decisions, enforce rules, or command obedience.
Principal
In a legal context, a principal can also refer to the person who has authorized another (an agent) to act on their behalf.
Apparent Authority
A situation where a person appears to have the authority to act on behalf of another, even if such authority has not been explicitly given.
Q7: When a dividend is declared, Stock Dividends
Q45: An entry to record the sale and
Q52: If factory overhead applied is less than
Q55: Factory overhead normally consists of direct materials
Q58: Under the indirect method of reporting cash
Q67: Outstanding checks:<br>A) are the checks that are
Q74: The ratio of net income available to
Q81: In a process cost system, costs attach
Q95: The costs incurred to manufacture a product
Q98: The ratio of liabilities to stockholders' equity