Selected accounts with some amounts omitted are as follows:Work in Process254,200 Aug. 31Aug. 1313131BalanceDirect materialsDirect laborFactory overheadAug. 1-31 Costs incurredX46,000Factory Overhead105,900 Aug. 131Goods finishedBalanceApplied186,70015,500XIf the balance of Work in Process on August 31 is $217,200, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs?O a. $186,700O b. $105,900O c. $15,500Ⓒd. $13,800|

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Description: Selected accounts with some amounts omitted are as follows:Work in Process254,200 Aug. 31Aug. 1313131BalanceDirect materialsDirect laborFactory overheadAug. 1-31 Costs incurredX46,000Factory Overhead105,900 Aug. 131Goods finishedBalanceApplied186,70

Factory Overhead -The expenses of operating a business that aren'tisn't directly related to a…

Business

Accounting

elected accounts with some amounts omitted are as follows: Work in Process 254,200 Aug. 31 ug. 1 31 31 31 Balance Direct materials Direct labor Factory overhead ug. 1-31 Costs incurred X 46,000 Factory Overhead 105,900 Aug. 1 31 Goods finished Balance Applied 186,700 15,500 X the balance of Work in Process on August 31 is $217,200, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30 a. $186,700 b. $105,900 C15 500

elected accounts with some amounts omitted are as follows: Work in Process 254,200 Aug. 31 ug. 1 31 31 31 Balance Direct materials Direct labor Factory overhead ug. 1-31 Costs incurred X 46,000 Factory Overhead 105,900 Aug. 1 31 Goods finished Balance Applied 186,700 15,500 X the balance of Work in Process on August 31 is $217,200, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30 a. $186,700 b. $105,900 C15 500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Selected accounts with amounts omitted are as follows: Work in Process 263,340 Aug. 31 X 34,100 Aug. 1 31 31 31 Balance Direct materials Direct labor Factory overhead Aug. 1-31 Costs incurred Factory Overhead 98,540 Aug. 1 31 Goods finished Balance Applied (30% of direct labor cost) 142,970 12,530 X If the balance of Work in Process on August 31 is $204,810, what was the amount debited to Work in Process for direct materials in August? Oa. $92,630 Ob. $359,280 Oc. $502,250 Od. $40,110
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