Question: Wayne Enterprises calculated its predetermined overhead rate to be 130% of direct labor cost. During September, the company incurred $85,000 of factory labor costs, of

Wayne Enterprises calculated its predetermined overhead rate to be 130% of direct labor cost. During September, the company incurred $85,000 of factory labor costs, of which $80,000 is direct labor and $5,000 is indirect labor. Actual overhead incurred was $105,000. How much will Wayne debit to Work in Process Inventory to apply overhead in September? O $104,000 $136,500 O $110,500 O $105,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Question 15 4 pts Markley Manufacturing calculated its predetermined overhead rate to be 120% of direct labor cost. During June, the company incurred $90,000 of factory labor costs, of which $85,000...

Question: Businesses should exercise great caution when taking clients out to informal environments for the purpose of discussing business deals. As seen in the English case of Blue v Ashley, the...

Cal, Inc. showed the following amounts in its manufacturing overhead account at the end of 2013: Manufacturing Overhead Credit Debit 20,000 16,000 55,000 22,000 Based on this information, which...

List of concepts that you can find articles to explain: Discuss any two or 3 following concepts with references to articles. 1) Principle 1: People face tradeoffs 2) Principle 2: Opportunity Cost:...

please provide clean answer 19 X fx The factory overhead costs for January include: G H K + L M N C D P A B E F Factory Overhead 1 J Work in Process 0 Actual Applied DM 0 0 DL O O O 0 BALANCE OF WIP...

Please help me Marco Company shows the following costs for three jobs worked on in April. Additional information a. Raw Materials Inventory has a March 31 balance of 580,000 . b. Raw materials...

For Neeraj Company, the predetermined overhead rate is 130% of direct labor cost. During the month, Neeraj incurred $1,000,000 of factory labor costs, of which $850,000 is direct labor and $150,000...

**Must Be Able to Complete All Questions** A) For Eckstein Company, the predetermined overhead rate is 138% of direct labor cost. During the month, Eckstein incurred $100,000 of factory labor costs,...

For Eckstein Company, the predetermined overhead rate is 121% of direct labor cost. During the month, Eckstein incurred $100,000 of factory labor costs, of which $80,500 is direct labor and $19,500...

Pregunta 4 Applied Manufacturing Overhead For Karr Company, the predetermined overhead rate is 1 4 0 % of direct labor cost. During the month, Karr incurred $ 9 0 , 0 0 0 of factory labor costs, of...

Assume that Mary Boyle had a homeowners insurance policy with $100,000 of coverage on the dwelling. Would a 90 percent co-insurance clause be better than an 80 percent clause in such a policy? Give...

A population of bacteria is growing according to the equation P(t) = 1450e0.05. Estimate when the population will exceed 1919. t= Give your answer accurate to at least one decimal place.

Cash flows from trancactions in which of the following securities are most thely so be considered cash flows from operating activities? Noncurtent debt securijes . Held to - maturicy securities ....

When it comes to generating innovative ideas in teams, where have many of the most creative ideas come from? a . Customers b . Employees c . Managers d . Professors

Have you written a small number of clear strategic actions that support your strategic intent?

Has each action got a clear and measurable outcome?

Have you eliminated jargon and unexplained acronyms?