During june, buttrey corporation incurred $79,000 of direct labor costs and $19,000 of indirect labor costs. the journal entry to record the accrual of these wages would include a:_________

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Answer 1

Answer: debit to work in Process of $79,000.

What is journal entry?

A journal entry is used to record a business transaction in the company's accounting records. The main ledger is where journal entries are frequently made, however they can alternatively be created in a subsidiary ledger and then rolled forward into the general ledger after being summarized. After that, financial statements for the company are generated using the general ledger.

According to the logic underlying a journal entry, every business transaction should be documented in at least two locations (known as double entry accounting). For instance, the income account and the cash account are both boosted when you make a cash sale. Alternately, raising the accounts payable and inventory accounts results from making purchases on credit.

Explanation:

Cost of direct labor: $79,00 and 

$19,000 is indirect labor costs

Work in process is debited and factory payroll is credited when direct labor costs are allocated to it.

Manufacturing overhead is deducted and factory payroll is credited when direct labor costs are attributed to work that is already in progress.

In order to record the accrual of Direct labor expenses, a journal entry would need to debit work in process by $79,000 and credit factory payroll by the same amount.

In order to record accrual of indirect labor costs, a journal entry would debit manufacturing overhead by $19,000 and credit factory payroll by the same amount.

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Related Questions

Planning involves ________.
a. hiring employees
b. setting goals and objectives
c. analyzing financial statements d. coordinating company activities

Answers

Planning involves b- Setting goals and objectives

The required details for Planning in given paragraph

Planning includes both the process of developing a plan and its accurate and timely execution. Planning may be extremely helpful in avoiding mistakes and seeing possibilities. Good planning demonstrates management's familiarity with the company and their consideration of changes in "products," management, finance, and—perhaps most importantly—the external environment, which includes markets, competitors, users, and regulations. Planning aids in future prediction, future visibility, and the construction of a link between the present and this future.

One of the brain's executive functions is planning, which includes the neurological processes involved in creating, assessing, and choosing a series of ideas and deeds to accomplish a certain objective.

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Savings by _____ in small dollar amounts is the origin of much of the money that funds business loans in an economy

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Savings by Household in small dollar amounts is the origin of much of the money that funds business loans in an economy.

What is loan budget a business?

Business financing is a funding opportunity for business owners to access company loans to be able to pay for things like temporary cash flow interruptions, development schemes, inventory and equipment, and seasonal points in activity.

What is a good excuse for a business loan?

Probably the most obvious reason to think a small business loan is to invest in an increase opportunity for your business. When business is booming, continuing to grow your company can help ensure that your profits don't table or shrink.

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When inventory is sold, inventory cost methods (fifo, lifo, weighted average) are used to determine how much cost to assign to ______.

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Inventory cost methods (fifo, lifo, and weighted average) are used to calculate a per-unit cost when inventory is sold.

Weighted Average Cost Method of Inventory Calculation

One of the three inventory cost flow assumptions used in inventory costing is the weighted average cost (AVCO) technique, often known as the AVCO method. The AVCO method is used to calculate the cost of inventory at the end of the year and the cost of goods sold (COGS) throughout the year, just like FIFO and LIFO. This method bases the cost of inventory on the weighted AVCO of the year's inventory acquisitions.

How costs migrate from the balance sheet's merchandise inventory to the income statement's COGS is determined by a cost flow assumption.

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Owned by stockholders whose liability is limited to the amount they have invested in the business.

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Owned by stockholders is the limited liability that is limited to the amount they have invested in the business. The limited liability company (LLC) is a corporate design that safeguards its proprietors from being by and by sought after for reimbursement of the company's obligations or liabilities.

What is a Limited liability?

A limited liability company (LLC) is a business structure in the U.S. that safeguards its proprietors from moral obligation regarding its obligations or liabilities.

Limited liability organizations are cross breed substances that join the qualities of a company with those of an organization or sole ownership. While the limited liability include is like that of an organization, the accessibility of move through tax collection to the individuals from a LLC is an element of an organization instead of a LLC.

Therefore Limited liability organizations are allowed under state rules, and the guidelines overseeing them shift from one state to another.

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_______________ is the goal that assumes the global economy can achieve balanced economic conditions while maintaining a sustainable, living, planet.

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The objective of ecological balance is based on the assumption that a balanced world economy is possible.

What is ecological balance?

Ecology is the name given to the science of examining ecosystems. A number of online dictionaries define ecological balance as "a state of dynamic equilibrium within a community of animals in which genetic, species, and ecosystem diversity remain generally stable, subject to progressive changes through natural succession." "A stable equilibrium in the numbers of each species in an ecosystem" is also a requirement.

The preservation of an ecosystem's natural equilibrium is the fundamental consideration. This equilibrium could be upset by the introduction of new species, the sudden extinction of some species, natural disasters, or man-made causes.

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A surprising recommendation regarding organizational requirements for innovation is __________.

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A surprising recommendation regarding organizational requirements for innovation is put technology ahead of strategy

What is innovation?

The term innovation refers to creating a new idea of accomplishing task. The new idea us usually beneficial to the people or organization that will use it. Innovation is a necessary skill to maintain operational excellence in an organization.

Managers should be innovative enough to lead their subordinates and inspire them towards being innovative too. As collective innovation will be beneficial to the organization. It is therefore recommended that organizations require innovation to put technology ahead of strategy.

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complete question

A surprising recommendation from the disruptive innovation cycle​ is:

A. put marketing ahead of strategy.

B. always put strategy first.

C. put technology ahead of strategy.

D. innovate once and forget it.

E. put marketing ahead of technology.

A small company making hole punchers has decided to use a differentiated marketing strategy and target four different market segments. what problems might the company encounter?

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By using a differentiated marketing strategy, the problems that the company might encounter is that each segment requires its own marketing plan and execution and costs add up quickly.

What is differentiation in marketing?

This differentiation strategy is what makes a firm's product or service stand out to their target audience. It involves how a firm distinguish what they sell from what their competitors do.

The differentiation strategy helps to increases brand loyalty, sales, and growth. That is, focusing on the customers is a good start to successful product differentiation. However, the problems that the company might encounter is that each segment requires its own marketing plan and execution and costs add up quickly.

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When a project manager first recognizes that a project is in trouble, the options available to her include ____.

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When a project manager first recognizes that a project is in trouble, the options available to her include delaying the project deadline.

What is Project Management?

In order to give individuals something of value, project managers use specific knowledge, abilities, methods, tools, and techniques. Buildings, delivering aid after a natural disaster, increasing sales in a new market, and creating software for more efficient business operations are just a few examples of projects.

Every project is an immediate endeavor to add value by delivering a unique good, service, or result. There are beginnings and ends to every project. The team has a team, a budget, a schedule, and a set of guidelines that they must follow. Each project is unique and ends when the desired result is achieved, as opposed to ordinary operations, which represent an organization's ongoing activity.

Project professionals—individuals tasked with making sure a project team achieves its objectives—are in charge of these projects. To address the needs of a project, project professionals employ a wide range of tools, techniques, and methodologies.

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If you have created users with administrator privileges on your windows 10 or linux systems, why bother creating other user accounts?

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One of the reasons why other accounts are created by an administrator is because, in some cases, an administrator account cannot serve the interest of the whole organization because the resources need to be shared among other users using sperate user accounts.

What is an Administrator Account?

Users utilize administrator accounts to do actions that require specific rights, such as installing software or renaming a machine.

These Administrator accounts should be reviewed on a regular basis, including a password reset and confirmation of who has access to these accounts.

What is the function of the administrator account?

An administrator account is used to perform system-wide changes on a computer, such as creating or removing user accounts.

Creating account passwords for other computer users. Changing the names, photographs, passwords, and account kinds of others.

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A simplified version that is used informally for analysis instead of drawing a formal general ledger account is referred to as a?

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A T Account is a simplified version used informally for analysis instead of drawing a formal general ledger account.

T Accounts Presented. Debits and credits can represent increases or decreases for various accounts, but in a T Account, the debit is, by convention, always on the left and the credit on the right. Regardless of the type of account, the debit side is always on the left, and the credit side is always on the right.

The account name is then written directly above the top horizontal line, and below that, split by the vertical T of the letter, debits are reported on the left, and credits are recorded on the right. A ledger account is another name for a T-account.

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If a producer is advertising a life insurance policy, the producer must disclose the?

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If the Commissioner adopts a term life insurance monetary value index, all term life insurance marketing and policies for people 55 and older must mention it.

The programme is classified as a Form provided by the insurance provider, often completed by the agent and the medical examiner (if applicable) based on data from the applicant. It is signed by the applicant and, if approved, becomes a component of the insurance policy.

Advertising becomes important in business, the life insurance policy is better for everyone. He must disclose all the material facts as required by the company.

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In practice, most companies list accounts on their trial balance in alphabetical order. True or false?.

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The given statement is false. In practice, most companies don't list accounts on their trial balance in alphabetical order.

What is trial balance?

A trial balance is a list of every general ledger account in a company's ledger. Each nominal ledger account's name and current balance amount will be listed in this list. In each nominal ledger account, there will be a debit balance or a credit balance.

Most businesses put them in this order:

AssetsLiabilitiesEquity of StockholderDividendsRevenues, andExpenses

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If the number of employed increases while the number of unemployed does not change, the unemployment rate:________

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The unemployment rate is the proportion of the labor force that is not now employed but has the potential to do so.

What Is the Rate of Unemployment?

The percentage of the labor force that is unemployed is known as the unemployment rate. It is a lagging indicator, thus rather than anticipating changes in economic conditions, it frequently rises or falls in response to them. The unemployment rate is likely to increase when there aren't many open positions and the economy is struggling. It seems sense to anticipate a decline in the economy when there are many available positions and a healthy labor market.

The Bureau of Labor Statistics uses many parameters to determine the unemployment rate in six distinct ways.

3.5% was the U-3 unemployment rate in July 2022.

The recognized and most commonly referenced national unemployment rate in the United States is the U-3, which the BLS publishes as part of its monthly employment situation report. According to this definition, someone who is unemployed must have actively sought employment over the previous four weeks and be willing and able to work.

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The written instrument that conveys the property from the grantor to a grantee is called?

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The written instrument that conveys the property from the grantor to a grantee is called a property deed.

Property is any object that someone or a enterprise has criminal name over. belongings may be tangible items, along with homes, motors, or appliances, or it can consult with intangible items that bring the promise of destiny really worth, together with stock and bond certificates.

In the economics and political economic system, there are three extensive styles of assets: private belongings, public belongings, and collective belongings (also referred to as cooperative assets).

Property is largely of categories: Corporeal property and Incorporeal property. Corporeal property is visible and tangible, whereas incorporeal property is not. moreover, corporeal belongings is the proper of possession in cloth things, whereas incorporeal property is an incorporeal proper in rem.

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If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, what kind analysis might they conduct?

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If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, the kind of analysis they might conduct is Workflow analysis.

What is workflow analysis?

Workflow analysis can be defined as the process of assessing an employee workflow so as to know their performance and to as well  improve the employee efficiency leading to work productivity.

Companies tend to make use of workflow analysis so as to  eliminate the work inefficiencies and improve efficiency.

Therefore If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, the kind of analysis they might conduct is Workflow analysis.

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The posting reference columns are used to trace transactions from the accounts to the journal. what will be entered in the posting reference column of (1) the journal and (2) the account?

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The posting reference columns are won't to trace transactions from the accounts to the journal. (a) the account number (b) the journal page

What is transactions ?

An agreement that has been fulfilled between a buyer and a seller to commodity , services, or financial assets in exchange for cash is mentioned as a transaction. In corporate accounting, the phrase is additionally frequently used. this easy definition can be difficult to apply in business bookkeeping. counting on whether a corporation employs accrual accounting or cash accounting, a transaction could also be recorded by it sooner or later.

An exchange of cash for a good or service is referred to as a transaction.When it involves corporate accounting, transactions are often a little bit trickier.Regardless of when payment is paid or received, a transaction is recognized by accrual accounting as soon because it is completed

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With all the money they could potentially win, the game show contestants were __________ to start playing.

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The fill in the blanks is eager

A participant in a game or competition is referred to as a contestant. Many beauty pageants require their competitors to perform a skill, such as singing or dancing, in addition to being attractive. A contestant is a participant in a competition or someone who challenges an individual or an award. According to the case of Re Interest of LW v., a contender in a child custody dispute is "a person, including a parent, who claims a right to custody or visitation of a child." A contestant is a person who participates in a game or competition.

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The number of sellers or competitors in a market is a determinant or shifter of the___curve.

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The number of sellers or competitors in a market is a determinant or shifter of the supply curve.

Who is a seller?

A seller can be defined as a person selling their goods or services to the people in the market. A seller can be an individual, a wholesaler, or an enterprise.

The change in the supply curve can be defined as the relation between the price of the commodity and the number of suppliers.

As a new competitor or new supplier enter the market, there will be a consequence ship in the supply curve, and they change the moment from the upward and the downward slope.

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What tax policies did the south fear as the negotiations began that eventually resulted in the three-fifths compromise?

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Heavy taxes on agricultural goods exported from the U.S is the tax policy which is done by south fear as a negotiations that resulted to three - fifths compromise .

What is three - fifths compromise ?

At the United States Constitutional Convention (1787), delegates from the Northern and Southern states reached a compromise by agreeing that three-fifths of the slave population would be taken into consideration when determining direct taxes and House of Representatives representation.

Many of the Founding Fathers realized that slavery ended up going against the ideal of liberty that was at the emotional core of the American Revolution, but they were unable to take decisive action to finish it because they were devoted to the sanctity of private property rights, the ideas of limited government, and the pursuit of intersectional harmony.

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When clients work with their investment advisers, they ________ their investment portfolios. cocreate expand initiate discover balance

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When clients work with their investment advisers, they . co create their investment portfolios.

What is in an investment portfolio?

A portfolio may be a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). People generally believe that stocks, bonds, and cash comprise the core of a portfolio.

Why is an investment portfolio important?

A portfolio with an appropriate (diversified) mixture of investments not only helps an individual protect her/his invested capital but also allows them to position it in a way that it has the potential to earn desirable returns.

What is the purpose of portfolio?

Portfolios are employed by working professionals, companies and students to spotlight their best work and display accomplishments, skills and potential. They visually showcase samples of work, while a resume only provides bullet points.

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Jenna and martin complete their part of project zenith. their progress is best measured against ________ goals.

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Jenna and martin complete their part of project zenith. Their progress is best measured against task goals. The easiest way to gauge their development is to compare it to the objectives of the task. The act of performing a task! You do not want to obtain this outcome at the conclusion of the quarter; it is not a result. In contrast to tasks, goals (such as OKR goals) are outcomes and results. Therefore, at its most basic level, a task is merely an action; to finish a project, you must perform a number of tasks or activities.

To accomplish your goal, we must complete numerous tasks (and possibly numerous projects), yet activities themselves cannot tell you whether you are acting appropriately. You are merely performing them. What is right or what is right for your business, or what is most important for your organization this quarter, is revealed by your OKR goals.

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Suppose that a particular artillery piece has a range r = 4000 yards . find its range in miles. use the facts that 1mile=5280ft and 3ft=1yard.

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Any single quantity in the world can be interpreted in better than one way.  Unit conversion is a method by that we can go back and forth between various units.

Unit conversion

Given:

R=9,350 ydR=9,350 yd is the range in yards

Since we want the content in miles here, we will be utilizing the conversion factor:

1 mi=528 ft1 mi=528 ft

3 ft=1 yd3 ft=1 yd

So to do a unit conversion process, we say these conversion factors as a particle that equals 11.  We describe this concept in this precise conversion:

R=9,350 yd(3 ft1 yd)(1 mi528 ft)R=9,350 yd(3 ft1 yd)(1 mi528 ft)

We set up our conversion factors here as particles that equal 11. We set the units up in such a way that they can balance each other out:

We will thus get:

R=53.125 mi

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When a cashier is deciding how many hours to work, the marginal benefit she should consider is _____ and the marginal cost she should consider is _____.

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When a cashier is deciding how many hours to work, the marginal benefit she should consider is her hourly pay and the marginal cost she should consider is the value of one hour of leisure time.

Marginal Benefit

A marginal benefit is the most a consumer will pay for an additional good or service. It is also the additional satisfaction or usefulness that a buyer obtains while purchasing an additional good or service. As a consumer's consumption of a commodity or service increases, the marginal benefit decreases. The marginal benefit for producers is also known as marginal revenue in the business world. Utility in economics refers to the pleasure or advantage obtained from using a thing. A good or service's marginal utility quantifies how much consumers enjoy or are satisfied after increasing or decreasing their use by one unit. Three different kinds of marginal utility exist.

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The accounts payable account is a(n) ______ account.
a. expense
b. revenue
c. asset
d. liability

Answers

The accounts payable account is liability account., Therefore, the correct option is D.

What is liability account?

When a liability account is debited, the amount owed by the company is reduced (i.e., the liability increases), and when a liability account is credited, the amount owed by the company grows (i.e. increases the liability). Current liabilities and long-term liabilities are the two categories that make up liability accounts.

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Most standard portfolio analysis methods evaluate strategic business units (sbus) on their performance in two important dimensions. what are these two dimensions?

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The majority of conventional portfolio-analysis methodologies evaluate SBUs based on two crucial factors: the market or industry an SBU operates in is appealing, and an SBU's position within that market or industry is strong.

What is Strategic Business Unit?
A strategic business unit, or SBU for short, is a fully operational part of an organization with its own mission and goals. An key section of the organization, a strategic business unit typically functions independently. It provides updates on its operational status to the headquarters. Although a strategic business unit, or SBU, is an independent company, it is required to report directly to the organization's headquarters on the status of its operations. It is independent and centered on a particular market. It is large enough to have independent support divisions for things like human resources and training. Having an SBU has a number of advantages. For businesses with a variety of product structures, this strategy is most effective. Proctor and Gamble, LG, and other businesses are the best examples of SBU. Under one roof, these businesses house numerous product categories. For instance, the company LG produces consumer durables.

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The ________ function calculates the periodic interest for a specified payment period on a loan or investment.

Answers

The NPER(Number of Periods) function calculates the periodic interest for a specified payment period on a loan or investment.
So the correct filling is NPER(Number of Periods)

What is periodic interest
The quantity of compounding periods has a direct impact on the periodic interest rate of a loan or investment. If an investment accumulates monthly and has an effective annual return of 12%, its periodic rate is 1%. If you were to compound the daily periodic rate, its periodic interest rate would be 0.00033, or the equivalent of 0.03%. An investment grows more fast the more often it compounds. Consider that a $1,000 investment has two options. Option one provides an annual interest rate of 8% to the investor, and the interest grows on a monthly basis. Option 2 offers the investor an annual compounded interest rate of 8.125%.

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In leadership as managed culture change and possibly in the new phase, culture creation contingency leadership, organizational culture creation by leaders is?

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Social Responsibility in leadership is managed culture change and possibly in the new phase, culture creation contingency leadership, organizational culture creation.

It is responsibility of an organisation to serve the legal and social compliance of an organisation. It covers the environmental issues, security issues and release issues of the organisation. It preserves the culture by binding change in decisions in the favor so that protection can be easily done.

Culture creation and awareness maintain by the leaders is the necessary part of the organisation. The management is therefore done through the social responsibility of a firm.

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For a monopolist, when the price effect is greater than the output effect, an increase in output sold causes marginal revenue to be?

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For a monopolist, when the price effect is greater than the output effect, an increase in output sold causes marginal revenue to be negative.

What Is a Monopolist?

An individual, group, or business that completely dominates the market for a certain commodity or service is known as a monopolist. A monopolist is likely to support legislation that strengthens monopolies since it provides them more power. Because clients have no other options, a monopolist has no incentive to improve their product. Instead, they have the monopoly's protection as their main priority.

When a monopolist becomes the sole supplier of a specific good or service, a monopoly is created. This differs from a monopsony, which is when only one entity has the authority to make purchases of goods or services. Additionally, it differs from an oligopoly, which is characterized by a small number of vendors controlling a market.

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Frank's furniture imports, inc. imports children's bedroom furniture from china and sells it wholesale to furniture retailers. what kind of wholesaler is this business?

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Children's bedroom furniture is imported from China by Frank's Furniture Imports, Inc. and sold in bulk to furniture stores. A limited-line wholesaler, this company.

Compared to well known products wholesalers, constrained line wholesalers buy and promote a smaller choice of goods. as an example, they could just distribute food, clothing, or electronics. Wholesalers of area of expertise lines provide the maximum confined variety of merchandise.

constrained strains may be observed in locations like supermarkets, area of expertise stores, and catalog showrooms.

Small provider best positive capabilities precise to their needs are executed by means of wholesalers.

A wholesaler often buys the product directly from the manufacturer or sells it himself. The wholesaler makes his very own selections on the goods and services he sells.

As a end result, a wholesaler who solely sells digital devices, like smartphones, is known as an electronics wholesaler, whereas a wholesaler who sells a wide sort of items is referred to as a widespread products wholesaler.

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Dextrose+25%+1000+ml+was+ordered,+you+have+only+dextrose+70%+solution+available.+how+much+of+the+dextrose+70%+solution+will+you+use+to+fill+this+order?

Answers

357ml of 70% Dextrose will be used to fill this order.

A simple sugar made from corn or wheat with the name dextrose is chemically identical to glucose, or blood sugar. Dextrose is a common sweetener used in baking products and is present in things like processed foods and corn syrup. There are also medical uses for dextrose. The most common population for whom dextrose is used to treat very low blood sugar (hypoglycemia) is those with diabetes mellitus. To treat insulin shock, dextrose is injected (low blood sugar caused by using insulin and then not eating a meal or eating enough food afterward). Dextrose is frequently marketed as healthier for those who want to stay away from fructose, the type of sugar that accounts for 50% of cane sugar.

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Other Questions
. All living organisms are composed of one or more cells. 2. Different cell types develop in a multicellular organism because each cell has its own unique set of genes. 3. Underlying similarities in biochemistry and genetics support the idea that all life evolved from a single ancestor. 4. Molecules in different organisms that perform the same function are likely to have a similar structure. 5. Evolutionary conservation explains the diversity of life. 6. Information stored in inorganic molecules is used to direct the synthesis of cellular components. 7. Cells process information stored in their DNA as well as information they receive from the environment. 8. Organisms are closed systems that require an input of energy in order to maintain their high level of complexity and organization. 9. Homeostasis is possible because elaborate signaling networks coordinate the activities of different cells within an organism. 10. The unity of living systems arises through evolutionary change. Greeks turned early to fishing and commerce because the greek soil was too:____.a. salty to farm b. dry to farm c. sandy to farm d. rocky to farm Explain the difference between an intended and realized strategy. What causes this difference? HELPPP Ill mark you BRAINLIST if its right True or false: when you are known for failing to live up to your promises to stakeholders, you have a reputation for good character. an insulated cooler holds 558 ounces of lemon how many full 12.4-ounces glasses of lemonae can be poured from the cooler 2. Use what you know about the properties of operations to rewrite the expression 7.4.1.5 = commutative Exercise 1 Circle the participle or participial phrase in each sentence.Did all of them have a winning record? You are a stakeholder who has just designated a business function as critical. what must you do now? Jenna changes the amount of butter she purchases depending on whether it costs $3, $4, or $6 a pound. in order to derive her demand curve for butter, what other information do we need? The stock market is approaching its year-to-date high value, so should houston horticulture company consider selling new stock or new bonds to pay for its planned market expansion? What is a possible theme based on this passage? What was the initial impetus behind european exploration in the late fifteenth and early sixteenth centuries? You are a non-commissioned officer and while walking your rounds you see two armed men breaking into your building. you should? What is the value of y in the solution to the system of equations?1/3x+ 1/4y=12x - 3y = -30-8-30 3O 8 Who are the potential customers? what do they buy? where do they buy? these are _______ factors affecting channel choice. group of answer choices product market product stage timing 5 - 4k = -7please help Solve for xxx. Enter the solutions from least to greatest. Round to two decimal places. (x - 6)^2 - 5 = 0 This is a crossword for the Three Colonial Region 5 letter starts with "s" ,,,,, its not short by the way What is the majority opinion of Southerners during the secession crisis of 1860-1861?