Asked by
Leanne Blake
on Nov 13, 2024Verified
If the entry to assign factory labor showed only a debit to Work In Process Inventory then all labor costs were
A) direct labor.
B) indirect labor.
C) overtime related.
D) regular hours.
Factory Labor
The total cost of labor directly associated with the operation of a manufacturing facility, including wages and benefits.
Work In Process Inventory
Goods that are in the process of being manufactured but are not yet completed in a company’s inventory.
Direct Labor
Costs associated with the work of employees directly involved in the production of goods or services.
- Evaluate how direct and indirect materials, alongside labor, affect product cost calculation.
Verified Answer
MM
Learning Objectives
- Evaluate how direct and indirect materials, alongside labor, affect product cost calculation.