The time tickets example

The time tickets example - Factory Labor (To assign labor...

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The time tickets example For example, if the $32,000 total factory labor cost consists of $28,000 of direct labor and $4,000 of indirect labor, the entry is: Work in Process Inventory Manufacturing Overhead
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Unformatted text preview: Factory Labor (To assign labor to jobs and overhead) As a result of this entry, Factory Labor has a zero balance, and gross earnings are assigned to the appropriate manufacturing accounts....
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