The Journal Entry to Record the Use of Direct Labour

question 176

True/False

The journal entry to record the use of direct labour in Processing Department #1 would include a credit to WIP-Processing Department #1.

---

Definitions:

Cattle

Domesticated bovine animals that are raised for various purposes including meat (beef and veal), dairy products, leather, and as draught animals.

Opportunity Cost

Opportunity Cost is the value of the best alternative that is foregone when a particular decision is made.

Microchip

A small semiconductor device containing integrated circuits used in various electronic devices for processing, memory, or specific control functions.

Tire(s)

Rubber coverings placed on wheels of vehicles to provide traction and absorb shocks.