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Cavy Company accumulated 580 hours of direct labor on Job 456 and 850 hours on Job

Cavy Company accumulated 580 hours of direct labor on Job 456 and 850 hours on Job 777. The direct labor was incurred at a rate of $15 per direct labor hour for Job 456 and $26 per direct labor for Job 777. Journalize the entry to record the flow of labor costs into production. If an amount box does not require an entry, leave it blank.
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xxaurorabluexx
xxaurorabluexx
4,4(94 marks)

$30,800

Explanation:

Dr Work in progress 30,800

Cr Wages payable 30,800

Direct labour hours × Per direct labour hour

Job 456

580×15 = 8700

Job 777

850×26= 22100

22,100 + 8,700 = 30,800

madams1820
madams1820
5,0(84 marks)
The D. internal rate of return (IRR) is the discount rate that equates the present value of the cash inflows with the initial investment. 
This term refers to the profitability of a potential investment, meaning that it will show you how much an investment costs, and how much money you can possibly earn by predicting its future price and cost. It can also show you whether it is sensible to invest in something. 

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