Osito, Inc. uses a justminusinminustime costing system. During the month, Esposito incurred $ 600 comma 000 as direct labor and $ 7 comma 000 as overhead. Wages were not paid. Which of the following is the correct journal entry to record the conversion costs? A. Conversion Costs 607 comma 000 Accounts Payable 607 comma 000 B. Manufacturing Overhead 607 comma 000 Conversion Costs 607 comma 000 C. Conversion Costs 607 comma 000 Wages Payable, Accumulated Depreciation, etc. 607 comma 000 D. Conversion Costs 607 comma 000 Wages Payable 607 comma 000

C) Debit Conversion cost $607,000 Credit Wages Payable, Accumulated Depreciation, etc. $607,000

Explanation:

First we understand what conversion cost is

Conversion cost represents the cost that is relevant and incurred when a  manufacturing organisation converts its obtained raw materials into its sell-able finished goods.

As such, what is the relevant conversion cost here

= The total conversion cost = Direct Labour + Overhead

= $600,000 + $7,000 = $607,000

Step 2: Since, wages were not paid, the account to use is wages payable, therefore the journal entry will be

Description                                Debit                     Credit

Conversion Costs                 $607,000

Wages Payable, Accumulated Depreciation etc  $607,000

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants