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29.06.2021 •
Business
Diaz and Associates incurred the following costs in completing a tax return for a large company. Diaz applies overhead at 50% of direct labor cost. LaborHours Used Hourly Rate Partner 5 $450 Senior manager 13 160 Staff accountants 100 70 1. Prepare journal entries to record direct labor and the overhead applied.
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Ответ:
Date Accounts Receivable Debit Credit
XX-XX- Work in Process $11,330
Wages Payable $11,330
Date Accounts Receivable Debit Credit
XX-XX- Work in Process $5,665
Manufacturing overhead $5,665
Working
Total labor cost:
= Partner cost + Senior manager cost + Staff accountants
= (5 * 450) + (13 * 160) + (100 * 70)
= $11,330
Overhead is 50% of direct labor cost:
= 11,330 * 50%
= $5,665
Ответ:
its A
Step-by-step explanation:
i just did it swag