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Selected accounts with some amounts omitted are as follows: Work in Process Aug.  1   Balance 264,800   Aug. 31 Goods finished 129,400        31   Direct materials X               31   Direct labor  43,700               31   Factory overhead X        Factory Overhead         Aug.  1 – 31 Costs incurred 95,600   Aug. 1 Balance 12,800              31 Applied X If the balance of Work in Process on August 31 is $218,800, 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? a. $13,110 b. $95,600 c. $129,400 d. $12,800

Selected accounts with some amounts omitted are as follows: Work in Process Aug.  1   Balance 264,800   Aug. 31 Goods finished 129,400        31   Direct materials X               31   Direct labor  43,700               31   Factory overhead X        Factory Overhead         Aug.  1 – 31 Costs incurred 95,600   Aug. 1 Balance 12,800              31 Applied X If the balance of Work in Process on August 31 is $218,800, 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? a. $13,110 b. $95,600 c. $129,400 d. $12,800

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 some amounts omitted are as follows:

Work in Process
Aug.  1   Balance 264,800   Aug. 31 Goods finished 129,400
       31   Direct materials X       
       31   Direct labor  43,700       
       31   Factory overhead X       

Factory Overhead        
Aug.  1 – 31 Costs incurred 95,600   Aug. 1 Balance 12,800
             31 Applied X

If the balance of Work in Process on August 31 is $218,800, 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?

a. $13,110
b. $95,600
c. $129,400
d. $12,800
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