Needles Manufacturing pays its direct labor employees $25 per hour. During the current period, 640...

60.1K

Verified Solution

Question

Accounting

Needles Manufacturing pays its direct labor employees $25 per hour. During the current period, 640 direct labor hours were recorded on employee time cards, and the company actually paid its direct labor employees $14,600.
Prepare the summary journal entry to record:
Direct labor costs applied to all jobs during the period.
Direct labor wages paid during the period.
What is the balance of the Direct Labor account at the end of the period?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students