If Department N Incurred Direct Labor Cost of $22,000 and Department

question 163

True/False

If Department N incurred direct labor cost of $22,000 and Department O incurred direct labor cost of $43,000, the following journal entry would be recorded by the process cost accounting system:

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Definitions:

Monthly Revenues

The total income generated by a business or entity from its activities within a month.

Bar Graph

Also known as a bar chart, a graphic presentation of statistical information resembling the histogram except that there may not be a numeric scale on the horizontal axis and the bars normally do not touch each other.

Line Graph

A type of graph often used for illustrating data over time.

Histogram

A graphical representation of the distribution of numerical data, using bars of different heights to show frequencies of data within successive intervals.