Samari Company Prepared the Entry to Assign Factory Labour to Jobs.The

question 58

Multiple Choice

Samari Company prepared the entry to assign factory labour to jobs.The costs incurred included direct labour.Which account was debited?

• A)Manufacturing Labour
• B)Finished Goods Inventory
• C)Work in Process Inventory
• D)Factory Labour

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Definitions:

Output Effect

The impact on economic output and productivity resulting from a change in the level of economic activity.

Wage Rate

The amount of money paid to workers per unit of time, often hourly or monthly, for their labor.

MRP

Marginal Revenue Product, the additional revenue generated from using one more unit of a factor of production.

Rent

Payment made periodically by a tenant to a landlord in exchange for the use of land, a building, or another property.