Wilson Company has a predetermined overhead rate of 70% of direct labor cost. During the month, $350,000 of factory labor costs are incurred in which $100,000 is indirect labor. Actual overhead incurred was $180,000. What would be the amount debited to the Work In Process Inventory?

Wilson Company has a predetermined overhead rate of 70% of direct labor cost. During the month, $350,000 of factory labor costs are incurred in which $100,000 is indirect labor. Actual overhead incurred was $180,000. What would be the amount debited to the Work In Process Inventory?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

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What would be the amount debited to the work in process Inventory on these accounting question?

Wilson Company has a predetermined overhead
rate of 70% of direct labor cost. During the month,
$350,000 of factory labor costs are incurred in
which $100,000 is indirect labor. Actual overhead
incurred was $180,000. What would be the amount
debited to the Work In Process Inventory?

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