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Fisher,Inc

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Fisher,Inc.recently lost a portion of its records in an office fire.The following information was salvaged from the accounting records. Fisher,Inc.recently lost a portion of its records in an office fire.The following information was salvaged from the accounting records.   Direct labor cost incurred during the period amounted to 1.5 times the factory overhead.The CFO of Fisher,Inc.has asked you to recalculate the following accounts and to report to him by the end of the day. What is the amount of direct materials used? A) $24,000. B) $28,000. C) $31,000. D) $36,000. = (use the WIP account)  = $58,000 + $10,500 - $12,500 - $10,000 - (1.5 x $10,000) = $31,000
Direct labor cost incurred during the period amounted to 1.5 times the factory overhead.The CFO of Fisher,Inc.has asked you to recalculate the following accounts and to report to him by the end of the day.
What is the amount of direct materials used?

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Definitions:

Quit

The act of voluntarily leaving a job or position, typically initiated by the employee.

Labour Unions

Organizations representing workers' interests, aiming to improve working conditions, wages, and benefits through collective bargaining.

Recruiting Source

Various channels through which organizations find and attract candidates for employment, such as job boards, social media, and employee referrals.

Private Employment Agencies

Organizations that match employers with employees, often specializing in specific sectors or career levels.

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