During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition, factory overhead applied to production was $23,000. From the following, select the entry to record the actual factory overhead costs incurred
A) Accounts Payable 50,000Factory Overhead 50,000
B) Factory Overhead 23,000Accounts Payable 23,000
C) Work in Process 50,000Wages Payable 50,000
D) Factory Overhead 50,000Wages Payable 50,000
D
Business
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a. true b. false
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Which of the following forecasting methods uses certain macroeconomics variables to forecast changes in the economy, based on the fact that changes in these variables occur before changes in the economy?
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