Gibson Electronics has estimated total factory overhead costs of $248,640 and 20,720 direct labor hours for the coming fiscal year. The company applies overhead based on direct labor hours. If job number 305 used 2,450 direct labor hours, the amount that will be debited to work-in- process inventory and credited to factory overhead for this job is: a. $11,865 b. $29,400 c. $12,000 d. $29,396

Gibson Electronics has estimated total factory overhead costs of $248,640 and 20,720 direct labor hours for the coming fiscal year. The company applies overhead based on direct labor hours. If job number 305 used 2,450 direct labor hours, the amount that will be debited to work-in- process inventory and credited to factory overhead for this job is: a. $11,865 b. $29,400 c. $12,000 d. $29,396

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

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