When recording the direct labor costs, the Work in Process inventory account will increase (decrease) by:

A) $318,780
B) ($339,492)
C) $339,492
D) ($318,780)

Question

When recording the direct labor costs, the Work in Process inventory account will increase (decrease) by:A) $318,780B) ($339,492)C) $339,492D) ($318,780)

Makayla D'Amore · Accepted Answer

Final Answer : A, Explanation :  Work in Process increases by the standard cost of the standard amount of hours allowed for the actual output, which is SH × SR = (16,100 units × 0.90 hours per unit)× $22.00 per hour = 14,490 hours × $22.00 per hour = $318,780.

When recording the direct labor costs, the Work in Process inventory account will increase (decrease) by:

A) $318,780
B) ($339,492)
C) $339,492
D) ($318,780)

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Learning Objectives

Related questions

When recording the direct labor costs, the Work in Process inventory account will increase (decrease) by:A) $318,780B) ($339,492) C) $339,492D) ($318,780)

Definitions

Learning Objectives

Learning Objectives

Related questions

When recording the direct labor costs, the Work in Process inventory account will increase (decrease) by:

A) $318,780
B) ($339,492)
C) $339,492
D) ($318,780)