Which One of the Following Describes Factory Labour

question 72

Multiple Choice

Which one of the following describes factory labour?

• A)It is debited to Manufacturing Overhead when incurred.
• B)It is debited to jobs as they are completed.
• C)It is an inventory account in a job cost system.
• D)It is assigned to Work in Process or Manufacturing Overhead.

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Definitions:

Corporate Law

A body of law governing the rights, relations, and conduct of persons, companies, organizations, and businesses.

Partnerships

An authorized business setup involving two or more persons, sharing both the responsibilities of management and the financial gains.

Corporate Finance

The area of finance dealing with the sources of funding and the capital structure of corporations, and the actions that managers take to increase the value of the firm to the shareholders.

Ratified

Ratification refers to the formal approval or confirmation of an agreement or treaty, often after the act has been signed or provisionally applied.