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Cost Allocation Techniques

?

Which of the following entries would record correctly the monthly salaries earned by
the top management of a manufacturing company?

Manufacturing Overhead ........................... XXX

Salaries and Wages Payable ............. XXXSalaries Expense ........................................ XXX

Salaries and Wages Payable ............. XXXWork in Process ......................................... XXX

Salaries and Wages Payable ............. XXXSalaries and Wages Payable ....................... XXX

Salaries Expense ............................... XXX

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (B)

Salaries Expense ........................................ XXX

Salaries and Wages Payable ............. XXX

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