X Co has recorded the following wages costs for direct production workers for November.
|
|
$ |
|
Basic pay |
70,800 |
|
Overtime premium |
2,000 |
|
Holiday pay |
500 |
|
Gross wages incurred |
73,300 |
The overtime was not worked for any specific job.
What are the accounting entries for the wages costs?
A.
|
Work in progress account |
70,800 |
|
|
|
Overhead control account |
2,500 |
|
|
|
Wages control account |
|
73,300 | B.
|
Wages control account |
73,300 |
|
|
|
Work in progress account |
|
70,800 |
|
|
Overhead control account |
|
2,500 | C.
|
Work in progress account |
72,800 |
|
|
|
Overhead control account |
500 |
|
|
|
Wages control account |
|
73,300 | D.
|
Wages control account |
73,300 |
|
|
|
Work in progress account |
|
72,800 |
|
|
Overhead control account |
|
500 | |
