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Selected accounts with amounts omitted are as follows Work in Process 276,500 Aug 31 Aug 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead 45,000 Factory Overhead Aug 1-31 Costs incurred 101,000 Aug 1 Balance 31 Applied Goods finished 149,700 14,400 X If the balance of Work in Process on August 31 is $193,900, 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 $140,000 OF SHBLOO Of $13,50 04 $14,400

Selected accounts with amounts omitted are as follows Work in Process 276,500 Aug 31 Aug 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead 45,000 Factory Overhead Aug 1-31 Costs incurred 101,000 Aug 1 Balance 31 Applied Goods finished 149,700 14,400 X If the balance of Work in Process on August 31 is $193,900, 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 $140,000 OF SHBLOO Of $13,50 04 $14,400

FINANCIAL ACCOUNTING
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 276,500 Aug 31 X 45,000 Balance Direct materials 31 Direct labor 31 Factory overhead Aug. 1 31 Factory Overhead Aug. 1-31 Costs incurred 101,000 Aug 1 Balance 31 Applied Goods finished 149,700 14,400 If the balance of Work in Process on August 31 is $193,900, 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 $149,700 OF $100,000 O$13,50
Transcribed Image Text:Selected accounts with amounts omitted are as follows Work in Process 276,500 Aug 31 X 45,000 Balance Direct materials 31 Direct labor 31 Factory overhead Aug. 1 31 Factory Overhead Aug. 1-31 Costs incurred 101,000 Aug 1 Balance 31 Applied Goods finished 149,700 14,400 If the balance of Work in Process on August 31 is $193,900, 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 $149,700 OF $100,000 O$13,50
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