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20 June, 21:58

Joelle Company accumulated 530 hours of direct labor costs on Job 233 and 615 hours on Job 234. The total direct labor was incurred at a rate of $20 per direct labor hour. Which of the following journal entries is correct

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  1. 20 June, 23:56
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    Journal Entry

    Job 233

    Dr Wage Control A/c $10,600

    Cr. Work in Process A/c $10,600

    Job 234

    Dr Wage Control A/c $12,300

    Cr. Work in Process A/c $12,300

    Explanation:

    Work in process account is used to record all the cost of manufacturing products which is under process. This account maintain the records of product under process and transferred these costs when products are completed.

    Job 233

    Wage expense = 530 x $20 = $10,600

    Job 234

    Wage expense = 615 x $20 = $12,300
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Home » Business » Joelle Company accumulated 530 hours of direct labor costs on Job 233 and 615 hours on Job 234. The total direct labor was incurred at a rate of $20 per direct labor hour. Which of the following journal entries is correct
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