INTERMEDIATE ACCOUNTING (LL)-W/ACCESS
17th Edition
ISBN: 9781119598565
Author: Kieso
Publisher: WILEY
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I need help with this general accounting problem using proper accounting guidelines.
Sunflower Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $360,000 and direct labor hours of 60,000. During the month of February 2011, Job I-1 incurred direct labor of 700 hours. Use this information to make an example of the end-of-the-month application General Journal entry (without explanation) of factory overhead for Job I-1 for the month.
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