100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Summary

Summary QuestionIn a job-order costing system, direct labor costs are shown as an increase to what

Rating
-
Sold
-
Pages
3
Uploaded on
06-10-2024
Written in
2024/2025

In a jobQuestionIn a job-order costing system, direct labor costs are shown as an increase to what account ? a ) Finished goods inventory . b) Work -in-process inventory . c) Cost of goods manufactured . ) Raw materials inventory .Answer & ExplanationIn a job-order costing system, direct labor costs are shown as an increase to the account:b) Work-in-process inventory.Explanation:1.Job-Order Costing System: This system is used to assign costs to specific jobs or batches, and it tracks the costs associated with each job separately.2.Direct Labor Costs: These are wages paid to workers who directly contribute to manufacturing a product. In a job-order costing system, these costs need to be allocated specifically to the jobs they pertain to.3.Work-in-Process Inventory Account:oWhen direct labor is incurred for a particular job, it increases the cost of that job.oThe Work-in-Process (WIP) Inventory ac

Show more Read less








Whoops! We can’t load your doc right now. Try again or contact support.

Document information

Uploaded on
October 6, 2024
Number of pages
3
Written in
2024/2025
Type
Summary

Subjects

  • these

Content preview

Question


In a job-order costing system, direct labor costs are shown as an increase to

what account ? a ) Finished goods inventory . b) Work -in-process inventory . c)

Cost of goods manufactured . ) Raw materials inventory .




Answer & Explanation


In a job-order costing system, direct labor costs are shown as an increase to the

account:


b) Work-in-process inventory.


Explanation:


1. Job-Order Costing System: This system is used to assign costs to

specific jobs or batches, and it tracks the costs associated with each job

separately.

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
newage Uop
View profile
Follow You need to be logged in order to follow users or courses
Sold
22
Member since
3 year
Number of followers
15
Documents
4723
Last sold
6 months ago
A+ Self prepared Study guides for my peers

Truly helpful study guides

4.2

6 reviews

5
3
4
1
3
2
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions