If the balance of Work in Process on August 31 is $202,000, what was the amount debited
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Question:
If the balance of Work in Process on August 31 is $202,000, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs?
a. $13,200
b. $99,500
c. $136,600
d. $15,800
Working in Process | |||||
Aug .1 | Balance | 269,900 | Aug.31 | Goods finished | 136,600 |
31 | Direct material | X | | | |
31 | Direct labor | 44,000 | | | |
31 | Factory overhead | x | | | |
| | | | | |
Factory overhead | |||||
Aug.1-31 | Costs incurred | 99,500 | Aug.1 | Balance | 15,800 |
| | | 31 | Applied | x |
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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