Asked by
Jonathan Sabinson
on Oct 15, 2024Verified
A source document that an employee uses to report how much time was spent working on a job or on overhead activities and that is used to determine the amount of direct labor to charge to the job or to determine the amount of indirect labor to charge to factory overhead is called a:
A) Payroll Register.
B) Factory payroll record.
C) General Ledger.
D) Time ticket.
E) Factory Overhead Ledger.
Time Ticket
A document or electronic record used to track the amount of time an employee spends on various tasks, often for billing or payroll purposes.
Direct Labor
The wages and associated costs for workers directly involved in the production of goods or delivery of services.
Factory Overhead
Factory overhead encompasses all the indirect costs associated with manufacturing, excluding direct materials and direct labor expenses.
- Explain the procedure for managing direct and indirect labor costs within job costing.
- Comprehend the recording and flow of costs in a job order costing scheme.
Verified Answer
PO
Learning Objectives
- Explain the procedure for managing direct and indirect labor costs within job costing.
- Comprehend the recording and flow of costs in a job order costing scheme.