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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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7 years ago
Direct labor for the month is $50,000, and overhead is applied based on direct labor cost. Annual overhead is estimated to be $450,000, and annual direct labor is estimated to be $800,000. What is the entry to apply overhead to production?
A) Debit Work-in-Process Inventory $28,125; credit Manufacturing Overhead-Applied $28,125
B) Debit Work-in-Process Inventory $28,125; credit Payroll Payable $28,125
C) Debit Manufacturing Overhead-Applied $28,125; credit Work-in-Process Inventory $28,125
D) Debit Work-in-Process Inventory $50,000; credit Manufacturing Overhead-Applied $50,000
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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Fast2F Author
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7 years ago
Brilliant ツ
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Thank you, thank you, thank you!
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