INTERMEDIATE ACCOUNTING-W/WILEYPLUS PKG
17th Edition
ISBN: 9781119503590
Author: Kieso
Publisher: WILEY
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Can you help me solve this general accounting problem using the correct accounting process?
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it was estimated that factory overhead costs would be $537,200 and direct laborhours would be 62,000. Actual manufacturing overhead costs incurred were $445,000, and actual direct labor hours were 61,500. The journal entry to apply the factory overhead costs for the year would include a: A. debit to Factory Overhead for $445,000. B. credit to Factory Overhead for $531,120. C. credit to Factory Overhead for $595,350. D. debit to Factory Overhead for $475,350.
Total fixed costs in December?
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