Factory labor is an a expense account b control

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48. Factory Labor is a(n) a. expense account. b. control account. c. subsidiary account. d. manufacturing cost clearing account. 49. Kline Manufacturing has the following labor costs: Factory—Gross wages $117,000 Factory—Net wages 96,000 Employer Payroll Taxes Payable 15,000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for 50. Factory labor costs 51. Which of the following is not a control account? 52. Manufacturing Overhead would not have a subsidiary account for a. utilities. b. property taxes. c. insurance. d. raw materials inventory. 2- 5
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Test Bank for Managerial Accounting, Second Edition 53. The entry to record the acquisition of raw materials on account is 54. Job cost sheets constitute the subsidiary ledger for the 55. A materials requisition slip showed that direct materials requested were $30,000 and indirect materials requested were $6,000. The entry to record the transfer of materials from the storeroom is 56. The job cost sheet does not show a. costs chargeable to a specific job. b. the total costs of a completed job. c. the unit cost of a completed job. d. the cost of goods sold. 57. Under an effective system of internal control, the authorization for issuing materials is made 58. A copy of the materials requisition slip 2- 6
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Job Order Cost Accounting
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