Multiple Choice
Snoozo Moozo manufactures bed frames and mattresses that are custom-made to a person's height and weight. Last week, Stevie Oslow, a bed frame specialist, reported spending 35 hours working on a number of bed frames, including 5 hours overtime. Barry is paid $20 per hour ordinarily, and $30 per hour when working overtime. Which of the following journal entries are most appropriate in accounting for Barry's wages for the 35 hours?
A) Credit Wage Payable $750, Debit WIP $750
B) Credit Wage Payable $750, Debit WIP $700, Debit Manufacturing overhead $50
C) Credit Wage Payable $750, Debit WIP $600, Debit Manufacturing overhead $150
D) Credit Wage Payable $600, Credit other expenses $150, Debit WIP $750
Correct Answer:
Verified
Correct Answer:
Verified
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