The following information is available: -Estimated Factory Overhead for the year $10,000 -Estimated Direct Labor Hours for the year 5,000 -Actual Factory Overhead for the year $9,500 -Actual Direct Labor Hours for the year 5,010 1. What is the amount of the Applied Factory overhead? A. $9,969.90 B.$10,020.00 C.$9,468.90 D. Not enough information
The following information is available:
-Estimated Factory
-Estimated Direct Labor Hours for the year 5,000
-Actual Factory Overhead for the year $9,500
-Actual Direct Labor Hours for the year 5,010
1. What is the amount of the Applied Factory overhead?
A. $9,969.90
B.$10,020.00
C.$9,468.90
D. Not enough information
2.Total factory payroll paid was $60,000 of which $5,000 is indirect labor. What is the
A. FOH $65,000; Wages Payable $65,000
B. WIP $55,000; Wages Payable $60,000; FOH $5,000
C. WIP $60,000, FOH 5,000; Cash $65,000
D. WIP $55,000; FOH 5,000; Cash $60,000
3. The Cost of Goods Manufactured ($20,00) was transferred out of the factory. What is the journal entry?
A. FG $20,000; WIP $20,000
B. FG $20,000; COGS $20,000
C. WIP $20,000; FG $20,000
D. COGM $20,000; $20,000
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