Question: PLEASE HELP ME QUICK Webb Corporation uses a predetermined overhead rate based on direct labor-hours (DLH) to apply factory overhead to jobs. Webb has provided
Webb Corporation uses a predetermined overhead rate based on direct labor-hours (DLH) to apply factory overhead to jobs. Webb has provided the following estimated costs for the upcoming year: At the beginning of the year Webb estimated that 15.000DLH will be worked during the year. During the year Webb actually used 14,000DLH and incurred actual factory overhead of $57,000. Factory overhead is Webb closes (zeros) at FOH entirely to CGS. The journal entry to zero out FOH will to CGS
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