Lewis Manufacturing Uses a Standard Cost System

question 124

Essay

Lewis Manufacturing uses a standard cost system.The direct labor cost standard is $18.00 per direct labor hour.The direct labor efficiency standard is 0.5 direct labor hour per unit.Actual direct labor for the month is 1,200 hours for a total cost of $24,000.Production for the month is 3,000 units.Give the journal entry to record direct labor (not paid).Omit explanation.

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Definitions:

Corporate Stewardship

The responsibility corporations take on to manage their economic, social, environmental, and governance practices sustainably.

Confidential Information

Sensitive data or knowledge that is not to be shared with the public or unauthorized persons, often to maintain privacy, security, or competitive advantage.

Rationality

The quality of being based on logic or reason, often involving the application of clear and coherent thinking.

Publics

Groups of individuals differentiated by their distinct interests, values, or needs that are relevant to an organization.