The Cost of Direct Labor Used in Production Is Recorded

question 91

Multiple Choice

The cost of direct labor used in production is recorded as a

• A)debit to work in process inventory.
• B)debit to manufacturing overhead.
• C)debit to wages expense.
• D)debit to wages payable.

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Definitions:

Total Utility

The overall satisfaction or pleasure a consumer derives from consuming a certain quantity of goods or services.

Marginal Utility

The extra fulfillment or advantage a person gains by consuming an additional unit of a product or service.

Satisfaction

The feeling of pleasure or fulfillment that comes from achieving a goal or satisfying a need.