The Journal Entry to Assign $1,500 of Direct Labor and $200

question 72

Multiple Choice

The journal entry to assign $1,500 of direct labor and $200 of indirect labor involves a debit to:

• A)manufacturing overhead for $1,700.
• B)work in process inventory for $1,700.
• C)work in process inventory for $1,500 and a credit to manufacturing overhead for $200.
• D)work in process inventory for $1,500 and manufacturing overhead for $200.

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Definitions:

Heart Beat

The rhythmic expansion and contraction of the heart, which indicates the flow of blood through the body.

Traditional

Pertaining to customs, practices, and norms that have been passed down through generations within a specific culture or society.

Difference Principle

A principle formulated by philosopher John Rawls suggesting that societal inequalities are only justified if they benefit the least advantaged members of society.

Macroallocation Principle

A guideline for allocating large-scale resources in a way that addresses the needs of a population, often in contexts like healthcare or economics.