The Journal Entry to Record Direct Labor Costs Relating to Work

question 20

Multiple Choice

The journal entry to record direct labor costs relating to work performed in April includes:

• A) A debit to Work-in-Process Inventory for $70,500.
• B) A credit to Labor Rate Variance for $7,500.
• C) A credit to Labor Efficiency Variance for $4,200.
• D) A credit to Direct Labor for $67,200.

Discuss reasons why companies invest in securities or other companies.

Understand the components and structure of effective sales and marketing messages.

Recognize the importance and application of emotional and rational appeals in persuasive writing.

Identify the benefits of using direct mail and e-mail as marketing channels.

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Definitions:

Assigning Managers

The process of designating individuals to managerial positions where they are responsible for overseeing the work of others and making decisions on behalf of an organization.

Technologies

Refers to the application of scientific knowledge for practical purposes, especially in industry and improvements to tools, machines, and software.

James D. Thompson

A scholar known for his contributions to organizational theory, particularly regarding organizations as open systems.

Interdependence

A condition where entities are reliant on each other to achieve their goals or maintain existence.