Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a manufacturer estimates total factory overhead co

A manufacturer estimates total factory overhead costs of $4,994,000 and total direct labor costs of...

90.2K

Verified Solution

Question

Accounting

image
image
A manufacturer estimates total factory overhead costs of $4,994,000 and total direct labor costs of $2,270,000 for its first year of operations. During January, the company used $120,000 of direct labor cost in its Blending department and $80,000 of direct labor cost in its Bottling department. The company computes its predetermined overhead rate as a percentage of direct labor cost. Which of the following is the correct journal entry to apply factory overhead to the Blending and Bottling departments. Multiple Choice Debit Work in Process Inventory-Blending $264,000, debit Work in Process Inventory-Bottling \$176,000: credit Foctory Wages Payable $440,000 Debit Work in Process Inventory-Blending \$120,000; debit Work in Process Inventory-Bottling \$80,000; credit Factory Overhead $200,000. Debit Work in Process Inventory $200,000; credit Foctory Overhead $200,000 Debit Work in Process Inventory-Blending \$264,000, debit Work in Process Inventory-Bottling \$176,000; credit Factory Overhead $440,000 Debit Work in Process Inventory $440,000; credit Factory Overhead $440,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The number? H(t) of veterans from foreign wars who are homeless or at risk of becoming...

Basic Math
Q

Describe the work of Pavlov and Bekhterev, relating their differences and similarities.

Psychology
Q

Glycolysis occurs in the and therefore it does not require A mitochondria B chloroplast C...

Biology
Q

Written from 5 to 3 the sequence of an RNA molecule made using the bottom...

Biology
Q

1 Let C be a positively oriented simple closed contour around the origin Compute Leve...

Calculus
Q

4 1 2 A = 0-3 3 ...

Algebra
Q

A home and garden equipment retailer acquires a used lawnmower tractor for $800. Additional costs...

Accounting
Q

Which of the following taxpayers may potentially qualify for the Retirement Savings Contributions Credit (Saver's...

Accounting
Q

Use this inventory information for the month of June to answer questions 32 - 44....

Accounting
Q

Orwell Building Supplies' last dividend was $1.75. Its dividend growth rate is expected to be...

Finance
Q

What are the major differences between accounting and finance with respect to emphasis on cash...

Finance
Q

Is the current market a Bull market or Bear Market ( MACD , MAU) II...

Finance