Time tickets indicated 8,000 labor hours in the production of Job .115, out of which 1,000 were indirect labor hours. The company pays $10 per each labor hour. The entry to record this transaction is: * A debit to Work in Process Inventory $70,000 and a credit to Factory Labor $70,000 A debit to Work in Process Inventory $90,000, a credit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 A debit to Work in Process Inventory $70,000, a debit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 None of the above

During the month, Job AB2 used specialized machinery for 450 hours and incurred $500 in utilities on account, $300 in factory depreciation expense, and $100 in property tax on the factory. Prepare journal entries for the following: Record the expenses incurred. Date                                 To record overhead expenses.     Record the allocation of overhead at the predetermined rate of $1.50 per machine hour. Date                 To allocate manufacturing overhead to work in process inventory.     Note: Account titles are important! Using the proper account is vital in accounting. For this question use the following account titles: Accounts Payable Accumulated Depreciation Manufacturing Overhead Property Taxes Payable Work In Process Inventory

Swifty Company purchases $50,700 of raw materials on account, and it incurs $64,000 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Mar. 31 31 Account Titles and Explanation (To record raw materials purchased) (To record factory labor costs) Debit Credit

Show Me How Applying factory overhead Keenan Company estimates that total factory overhead costs will be $322,000 for the year. Direct labor hours are estimated to be 23,000. a. For Keenan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. $ per direct labor hour b. During May, Keenan Company accumulated 720 hours of direct labor costs on Job 200 and 510 hours on Job 305. Determine the amount of factory overhead applied to Jobs 200 and 305 in May. $ c. Prepare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate. If an amount box does not require an entry, leave it blank.

During the month, Job #2 used specialized machinery for 350 hours and incurred $700 in utilities on account, $400 in factory depreciation expense, and $200 in property tax on the factory. Prepare journal entries for the following: Record the expenses incurred. Record the allocation of overhead at the predetermined rate of $1.50 per machine hour.

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that total factory overhead costs would be $329,900 and direct labor hours would be 43,500. Actual manufacturing overhead costs incurred were $308,200, and actual direct labor hours were 51,900. What is the predetermined factory overhead rate per direct labor hour?   a. $6.07   b. $11.38   c. $7.58   d. $9.10

jobs that had cost 10000 dollars to complete were shipped to customers during the month.These jobs were sold on account at 20% above costs,prepare journal entries for this transaction

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $349,700 and direct labor hours would be 40,000. Actual manufacturing overhead costs incurred were $300,400, and actual direct labor hours were 52,900. What is the predetermined overhead rate per direct labor hour?

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 30,000. Actual factory overhead costs incurred were $377,200, and actual direct labor hours were 36,000. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? Pick one    a. $54,800 underapplied   b. $6,000 overapplied   c. $54,800 overapplied   d. $6,000 underapplied A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 30,000. Actual manufacturing overhead costs incurred were $377,200, and actual direct labor hours were 36,000. The entry to apply the factory overhead costs for the year would include a   a. credit to Factory Overhead for $432,000   b. debit to Factory…

Washburn Company produces earbuds. During the year, manufacturing overhead costs are estimated to be $ 200,000. Estimated machine usage is 2,500 hours. The company assigns overhead based on machine hours. Job No. 551 used 90 machine hours.   Compute the predetermined overhead rate. Predetermined overhead rate $?