During June, XYZ Company incurred OMR 90,000 of actual Manufacturing Overhead and actual labor hours were 15,000. During the same period, the Manufacturing Overhead was estimated to be OMR 95,000 for the period along with 20,000 direct labor hours. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: O a. debit to Manufacturing Overhead of OMR 95.000 Ob. debit to Work in Process of OMR 71,250 O c. None of the given answer is correct O d. credit to Manufacturing Overhead of OMR 90,000
During June, XYZ Company incurred OMR 90,000 of actual Manufacturing Overhead and actual labor hours were 15,000. During the same period, the Manufacturing Overhead was estimated to be OMR 95,000 for the period along with 20,000 direct labor hours. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: O a. debit to Manufacturing Overhead of OMR 95.000 Ob. debit to Work in Process of OMR 71,250 O c. None of the given answer is correct O d. credit to Manufacturing Overhead of OMR 90,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:During June, XYZ Company incurred OMR 90,000 of actual Manufacturing Overhead and actual labor hours were 15,000.
During the same period, the Manufacturing Overhead was estimated to be OMR 95,000 for the period along with 20,000 direct
labor hours The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:
O a. debit to Manufacturing Overhead of OMR 95,000
debit to Work in Process of OMR 71,250
O c. None of the given answer is correct
Od. credit to Manufacturing Overhead of OMR 90,000
e.
credit to Work in Process of OMR 71,250
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