Question: Pinhead Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 2,300 direct labor hours, the work-in- process account will be debited and factory overhead will be credited for: a. $21,850. b. $2,300. c. $95,000. d. cannot be determined.
Question: Pinhead Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 2,300 direct labor hours, the work-in- process account will be debited and factory overhead will be credited for: a. $21,850. b. $2,300. c. $95,000. d. cannot be determined.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 4MC: When direct labor hours for Job 101 are 30 and the predetermined factory overhead rate is 5/direct...
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