Which of the Following Shows Entries Only to Control Accounts $\begin{array}{llr} \text { Factory Labor } &\\ \text { Factory Wages Payable } &\\\end{array}$

question 150

Short Answer

Which of the following shows entries only to control accounts?
a.
$\begin{array}{llr} \text { Factory Labor } &\\ \text { Factory Wages Payable } &\\\end{array}$

b.
$\begin{array}{llr} \text { Work in Process } &\\ \text { Factory Labor} &\\ \text {Raw Materials Inventory } &\\ \text {Factory Wages Payable } &\end{array}$

c.
$\begin{array}{llr} \text { Work in Process} &\\ \text { Manufacturing Overhead } &\\ \text { Raw Materials Inventory } &\end{array}$

d.
$\begin{array}{llr} \text { Factory Labor } &\\ \text { Raw Materials Inventory } &\\ \text { Accounts Payable } &\\ \text { Factory Wages Payable } &\end{array}$

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Definitions:

Price Hike

An increase in the listed price of goods or services, often due to increased costs or higher demand.

Sales Forecast

An estimate of the amount of products or services a company expects to sell in a future period, which is crucial for budgeting and planning purposes.

Net Operating Income

The profit a company makes from its regular business operations, excluding expenses and revenue from non-operational activities.

Price Hike

A general increase in the cost of goods and services, often due to inflation or increased production costs.