The Assignment of Direct Labor Cost to Individual Jobs Is

question 95

Multiple Choice

The assignment of direct labor cost to individual jobs is based on:

• A) an estimate of the total time spent on the job.
• B) actual total payroll cost divided equally among all jobs in process.
• C) estimated total payroll cost divided equally among all jobs in process.
• D) the actual time spent on each job multiplied by the wage rate.
• E) the estimated time spent on each job multiplied by the wage rate.

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Definitions:

Devalues Its Currency

A country intentionally lowering the value of its national currency relative to other currencies to boost exports and improve its trade balance.