If the Amount of Overtime Premium Is to Be Charged

question 20

Multiple Choice

If the amount of overtime premium is to be charged to all jobs worked on during the period as a result of random scheduling of jobs,the debit will be to:

• A)Factory Overhead.
• B)Payroll.
• C)Work in Process.
• D)Accrued Payroll.

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Definitions:

Arithmetic Average

The sum of a set of numbers divided by the count of that set of numbers, commonly used to compute simple averages.

Historical Annual Average

An average value calculated from a series of yearly figures, often used in financial analysis to smooth out fluctuations.

Holding-Period Return

Holding-period return is the total return received from holding an asset or portfolio of assets over a specified period, including interest, dividends, and capital gains.

Dividend

A portion of a company's earnings that is distributed to shareholders, usually in the form of cash or additional shares.