Asked by Paula marques on May 12, 2024
Verified
Which of the following would record the labor costs for an individual job?
A) clock cards
B) in-and-out cards
C) time tickets
D) payroll register
Labor Costs
Expenses related to the compensation of employees, including wages, salaries, benefits, and taxes associated with labor.
Time Tickets
The form on which the amount of time spent by each employee and the labor cost incurred for each individual job, or for factory overhead, are recorded.
- Learn about the documents and practices employed in recording the expenses for materials and labor in accounting.
Verified Answer
MP
minerva piedadMay 13, 2024
Final Answer :
C
Explanation :
Time tickets are generally used to record the time spent by employees on a particular job or task. They provide a record of the labor costs associated with that job, which can then be used for costing and billing purposes. Clock cards and in-and-out cards are typically used to record attendance and work hours for payroll purposes, while a payroll register would provide a summary of the total payroll expenses incurred for a given period, rather than for individual jobs or tasks.
Learning Objectives
- Learn about the documents and practices employed in recording the expenses for materials and labor in accounting.
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