Work in Process Aug. 1 Balance 269,900 Aug. 31 Goods finished 136,600 31 Direct materials X
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Question:
Work in Process | |||||
Aug. 1 | Balance | 269,900 | Aug. 31 | Goods finished | 136,600 |
31 | Direct materials | 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 |
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?
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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