Solution-What is the appropriate journal entry for job

What is the appropriate journal entry for job

Reference no: EM132805404

Question - Mayer Company uses a job order cost system and applies overhead based on estimated rates for work in their factory. The overhead application rate is based on total estimated overhead costs of $400,000 and direct labor hours of 50,000. For job 836, direct labor hours were 700 for the month of December. What is the appropriate journal entry for job 836 for the month of December?

a) Work in Process should be credited for $3,200.

b) none of these

c) Finished Goods Inventory should be debited for $5,600.

d) Factory Overhead should be debited for $4,200.

e) Factory Overhead should be credited for $5,600.

Reference no: EM132805404

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What is the appropriate journal entry for job

Reference no: EM132805404

Reference no: EM132805404

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