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.

Apply keyboard shortcuts to facilitate efficient cell formatting and content manipulation.

Navigate Excel's interface efficiently, including the use of menus and command paths for various functions.

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Office 365

A subscription service offered by Microsoft that includes access to Office applications plus other productivity services that are enabled over the internet (cloud services).

OneDrive

Microsoft's cloud storage service that allows users to store files and data online for access from any device.

Cell Styles

Predefined or custom settings that can be applied to cells within a spreadsheet to format text, colors, and other aspects.