Redox Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs to jobs. The company recently completed Job no. 200. This job used 25 machine hours and 17 direct labor hours. The predetermined overhead allocation rate is calculated to be $28 per machine hour.The journal entry to record the allocation of manufacturing overhead to a Job no. 200 includes: Group of answer choices Debit $476 to the Work-in-process inventory account and credit $476 to the Manufacturing overhead account Debit $700 to the Finished Goods inventory account and credit 700 to the Manufacturing overhead account Debit $700 to the Work-in-process inventory account and credit $700 to the Manufacturing overhead account Debit $476 to the Manufacturing overhead account and credit $476 to the Finished goods inventory account
Redox Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs to jobs. The company recently completed Job no. 200. This job used 25 machine hours and 17 direct labor hours. The predetermined overhead allocation rate is calculated to be $28 per machine hour.The journal entry to record the allocation of manufacturing overhead to a Job no. 200 includes: Group of answer choices Debit $476 to the Work-in-process inventory account and credit $476 to the Manufacturing overhead account Debit $700 to the Finished Goods inventory account and credit 700 to the Manufacturing overhead account Debit $700 to the Work-in-process inventory account and credit $700 to the Manufacturing overhead account Debit $476 to the Manufacturing overhead account and credit $476 to the Finished goods inventory account
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 9E: Eclipse Solar Company operates two factories. The company applies factory overhead to jobs on the...
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Redox Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs to jobs. The company recently completed Job no. 200. This job used 25 machine hours and 17 direct labor hours. The predetermined overhead allocation rate is calculated to be $28 per machine hour.
Thejournal entry to record the allocation of manufacturing overhead to a Job no. 200 includes:
The
Group of answer choices
Debit $476 to the Work-in-process inventory account and credit $476 to the Manufacturing overhead account
Debit $700 to the Finished Goods inventory account and credit 700 to the Manufacturing overhead account
Debit $700 to the Work-in-process inventory account and credit $700 to the Manufacturing overhead account
Debit $476 to the Manufacturing overhead account and credit $476 to the Finished goods inventory account
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