A candy factory's employees work overtime to finish an order that is sold on February 28.
The office sends a statement to the customer in early March and payment is received by
mid-March. When the overtime wages should be expensed in? - Explain your rationale in
light with the matching principle.
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Answer:
hey mate here is the answer
Explanation:
on other hand it is given that statement is send on early of March and received payment of March but these information is not relevant as workers overtime on month of February. therefore overtime wages should be expended in February month as it is incurred on same month and revenue are recognised when they are earned.
your answer is overtime wages should be expensed in February month.
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