During February, Timber Corporation incurred $63,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $65,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a: Multiple Choice debit to Manufacturing Overhead of $63,000 debit to Work in Process of $65,000 credit to Work in Process of $65,000 credit to Manufacturing Overhead of $63,000 E>\

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 8PB: Queen Bees Honey, Inc., estimated its annual overhead to be $110,000 and based its predetermined...
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Vikarmbhai 

During February, Timber Corporation incurred $63,000 of actual Manufacturing Overhead costs. During the
same period, the Manufacturing Overhead applied to Work in Process was $65,000.
The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:
Multiple Choice
debit to Manufacturing Overhead of $63,000
debit to Work in Process of $65,000
credit to Work in Process of $65,000
credit to Manufacturing Overhead of $63,000
E>\
Transcribed Image Text:During February, Timber Corporation incurred $63,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $65,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a: Multiple Choice debit to Manufacturing Overhead of $63,000 debit to Work in Process of $65,000 credit to Work in Process of $65,000 credit to Manufacturing Overhead of $63,000 E>\
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