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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Here is some basic data for Delta Manufacturing:

Cost of materials purchases on account   $77,000
Cost of materials requisitioned (includes $2,000 of indirect)   45,000
Direct labor costs incurred   80,000
Manufacturing overhead costs incurred, including indirect materials   98,000
Cost of goods completed   276,600
Cost of goods sold   149,000
Beginning raw materials inventory    19,000
Beginning work in process inventory   35,000
Beginning finished goods inventory   25,000
Predetermined manufacturing overhead rate (as % of direct labor cost)   120%
                                                   
The journal entry to record actual manufacturing overhead costs includes a
A) debit to Manufacturing Overhead account for $98,000.
B) debit to Work-in-Process Inventory account for $96,000.
C) credit to Manufacturing Overhead account for $96,000.
D) credit to Work-in-Process Inventory account for $98,000.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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Wow! Thank you
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