Journal entry to record the incurrence of labor costs


Discussion:

Pinkney Corporation has provided the following data concerning its direct labor costs for November:

Required: Show the journal entry to record the incurrence of direct labor costs

Standard wage rate $12.20 per DLH Standard hours 5.3 DLHs per unit Actual wage rate $11.20 per DLH Actual hours 39,720 DLHs Actual output 7,900 units

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Journal entry to record the incurrence of labor costs
Reference No:- TGS02008145

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)