Barker Manufacturing uses a standard cost system. The allocation base for overhead costs is direct labor...

 

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Barker Manufacturing uses a standard cost system. The allocation base for overhead costs is direct labor hours. Actual variable manufacturing overhead costs were $34,000 and actual fixed overhead costs were $21,000. Allocated variable overhead costs (variable and fixed) was $57,000. What is the journal entry to record the overhead costs incurred? (Use Various Accounts to simplify the offsetting entry when several accounts could be involved.) Barker Manufacturing uses a standard cost system. The allocation base for overhead costs is direct labor hours. Actual variable manufacturing overhead costs were $34,000 and actual fixed overhead costs were $21,000. Allocated variable overhead costs (variable and fixed) was $57,000. What is the journal entry to record the overhead costs incurred? (Use Various Accounts to simplify the offsetting entry when several accounts could be involved.)

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The journal entry to record the overhead costs incurred would involve recogn... View the full answer