Ask Question
1 December, 16:12

A furniture factory's employees work overtime to finish an order that is sold on December 31. The office sends a statement to the customer in early January and payment is received by mid-February. The overtime wages should be expensed in:

a) Januaryb) Februaryc) The period when the worker receives their checksd) Either Jan or Feb depending on when the pay period end

+4
Answers (1)
  1. 1 December, 18:45
    0
    Correct answer is (a) January

    Explanation:

    The overtime wages should be expensed in January because the overtime wage payment should be made from the company account and not base on the customer payment to the company.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A furniture factory's employees work overtime to finish an order that is sold on December 31. The office sends a statement to the customer ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers