Use This Information to Answer the Following Question

question 159

Multiple Choice

Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company:
The journal entry to record the monthly payroll on September 30 would include a

• A)debit to Salaries Expense for $24,000.
• B)debit to Salaries Payable for $24,000.
• C)credit to Salaries Payable for $24,000.
• D)debit to Salaries Expense for $9,000.

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Definitions:

Measuring Efficiency

The process of evaluating the performance of a system, organization, or component by comparing its output with its input.

Variable Cost System

An accounting approach where costs that vary directly with the level of output are only recorded as product costs, contrasting with full costing methods.

Manufacturing Cost

The total expense involved in the production of goods, including materials, labor, and overhead costs.

Normal Standards

Predetermined benchmarks or criteria that are set to measure efficiency or performance levels in various business operations.