During the current month a company that uses a job order, Ask an Expert

Accounting

During the current month, a company that uses a job order cost accounting system incurred a monthly factory payroll of $120,000 paid in cash. Of this amount, $30,000 is classified as indirect labor and the remainder as direct. Prepare entries to record these transactions.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417017

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