The assignment of direct labor cost to individual jobs is based on: an estimate
ID: 2406756 • Letter: T
Question
The assignment of direct labor cost to individual jobs is based on:
an estimate of the total time spent on the job.
actual total payroll cost divided equally among all jobs in process.
estimated total payroll cost divided equally among all jobs in process.
the actual time spent on each job multiplied by the wage rate.
the estimated time spent on each job multiplied by the wage rate.
an estimate of the total time spent on the job.
actual total payroll cost divided equally among all jobs in process.
estimated total payroll cost divided equally among all jobs in process.
the actual time spent on each job multiplied by the wage rate.
the estimated time spent on each job multiplied by the wage rate.
Explanation / Answer
ANSWER
The assignment of direct labor cost to individual jobs is based on:
- the actual time spent on each job multiplied by the wage rate.
The cost is assigned to labor on the basis of how much hours they are actually spending on their individual job.
Cost is assiged- Actual hours worled * Wage rate
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