Wilturner Company incurs $94,000 of labor related directly to the product in the Assembly Department, $43,000 of labor related to the Assembly Department as a whole, and $30,000 of labor for services that help production in both the Assembly and Finishing departments. The journal entries to record the labor for the Assembly Department would include:

Debit Work in Process Inventory $137,000; debit Factory Overhead $30,000.

Explanation:

Work in process inventory includes direct labor = $94,000 + $43,000, while factory overhead includes indirect labor = $30,000.

Direct labor refers to the labor costs directly associated with the production processes, while indirect labor include all other labor costs that are not directly related to the production of goods, e.g. supporting activities, maintenance, administrative, etc.  

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; niosh, the national institute for occupational safety and health;