Redox Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs to jobs. The company recently completed Job no. 200. This job used 25 machine hours and 17 direct labor hours. The predetermined overhead allocation rate is calculated to be $28 per machine hour.The journal entry to record the allocation of manufacturing overhead to a Job no. 200 includes: Group of answer choices Debit $476 to the Work-in-process inventory account and credit $476 to the Manufacturing overhead account Debit $700 to the Finished Goods inventory account and credit 700 to the Manufacturing overhead account Debit $700 to the Work-in-process inventory account and credit $700 to the Manufacturing overhead account Debit $476 to the Manufacturing overhead account and credit $476 to the Finished goods inventory account
Redox Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs to jobs. The company recently completed Job no. 200. This job used 25 machine hours and 17 direct labor hours. The predetermined overhead allocation rate is calculated to be $28 per machine hour.The journal entry to record the allocation of manufacturing overhead to a Job no. 200 includes: Group of answer choices Debit $476 to the Work-in-process inventory account and credit $476 to the Manufacturing overhead account Debit $700 to the Finished Goods inventory account and credit 700 to the Manufacturing overhead account Debit $700 to the Work-in-process inventory account and credit $700 to the Manufacturing overhead account Debit $476 to the Manufacturing overhead account and credit $476 to the Finished goods inventory account
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Redox Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs to jobs. The company recently completed Job no. 200. This job used 25 machine hours and 17 direct labor hours. The predetermined overhead allocation rate is calculated to be $28 per machine hour.
Thejournal entry to record the allocation of manufacturing overhead to a Job no. 200 includes:
The
Group of answer choices
Debit $476 to the Work-in-process inventory account and credit $476 to the Manufacturing overhead account
Debit $700 to the Finished Goods inventory account and credit 700 to the Manufacturing overhead account
Debit $700 to the Work-in-process inventory account and credit $700 to the Manufacturing overhead account
Debit $476 to the Manufacturing overhead account and credit $476 to the Finished goods inventory account
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