In a Process Costing Accounting System, Factory Wages Are Debited

question 182

Short Answer

In a process costing accounting system, factory wages are debited to ________, when direct labor is used. When indirect labor is used, the ________ account is debited. In both cases the ________ is credited.

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Definitions:

HR Forecasting Advantages

The benefits of predicting an organization's future human resource needs to ensure that it has the right number of employees with the necessary skills.

Organizational Strategy

A comprehensive plan that outlines how a company will allocate its resources and manage its operations to achieve its goals and objectives.

HR Costs

The expenses related to managing an organization's human resources, including salaries, benefits, training, and recruitment.

Contingency Planning

The process of preparing for potential future events or emergencies to ensure effective responses.