What Is the Correct Journal Entry to Record Direct Labor

question 125

Multiple Choice

What is the correct journal entry to record direct labor when the actual labor mix is favorable and the total standard hours allowed is greater than the total actual hours worked?

• A)
• \[\begin{array} { | l | c | c | }
• \hline \text { Work in Process Inventory } & \times \times \times & \\
• \hline \text { Direct labor yield variance } & \times \times \times & \\
• \hline \text { Direct labor mix variance } & \times\times \times & \\
• \hline \text { Wages Payable } & & \times \times \times \\
• \hline
• \end{array}\]
• B)
• \[\begin{array} { | l | c | c | }
• \hline \text { Work in Process Inventory } & \times\times \times & \\
• \hline \text { Direct labor yield variance } & & \times \times\times \\
• \hline \text { Direct labor mix variance } & & \times \times \times \\
• \hline \text { Wages Payable } & & \times \times \times \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | c | c | }
• \hline \text { Finished Goods Inventory } & \times \times \times & \\
• \hline \text { Direct labor mox variance } & \times \times \times & \\
• \hline \text { Direct labor yield variance } & & \times \times \times \\
• \hline \text { Work in Process Inventory } & & \times \times \times \\
• \hline
• \end{array}\]
• D)
• \(\begin{array}{|l|l|l|}
• \hline \begin{array}{l}
• \text { Finished Goods } \\
• \text { Inventory }
• \end{array} & \text{xxx} & \\
• \hline \text { Direct labor yield } & &\text{xxx} \\
• \text { variance } & & \\
• \hline \text { Direct labor mix } & &\text{xxx} \\
• \text { variance } & & \\
• \hline \text { Work in Process } & & \\
• \text { Inventory } & & \text{xxx}\\
• \hline
• \end{array}\)

Recognize the importance of preparation in strong negotiation.

Describe the ideal content and structure of a group sales presentation, including proposal documents.

Explain the significance of excluding price from a proposal document in group presentations.

Understand the importance of adapting sales presentations to the behavioral style of the group.

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Definitions:

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Last Recession

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Summer 1991

Denotes a specific time period, often remembered for significant events or developments occurring during those months of 1991.