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Other Fields Homework Help Accounting Topic started by: upton on Jun 6, 2017



Title: If direct labor for the month is $100,000, and overhead is applied based on 75% of direct labor ...
Post by: upton on Jun 6, 2017
If direct labor for the month is $100,000, and overhead is applied based on 75% of direct labor dollars, what is the entry to apply overhead?
A) Debit Work-in-Process Inventory $75,000; credit Payroll Payable $75,000
B) Debit Work-in-Process Inventory $75,000; credit Manufacturing Overhead-Applied $75,000
C) Debit Overhead-Applied $75,000; credit Work-in-Process Inventory $75,000
D) Debit Work-in-Process Inventory $100,000; credit Manufacturing Overhead-Applied $100,000


Title: Re: If direct labor for the month is $100,000, and overhead is applied based on 75% of direct labor ...
Post by: keytwo on Jun 6, 2017
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