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H3Ko H3Ko
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Ivade, Inc. uses a predetermined overhead allocation rate of $75 per direct labor hour. In January, Ivade completed Job B23, which utilized 20 direct labor hours. Provide the journal entry to allocate overhead to the job.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Work-in-Process Inventory   1,500   
       Manufacturing Overhead1,500

Explanation:
$75 per DLHr × 20 DLHrs = $1,500
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H3Ko Author
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#2
6 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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