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Category > Business & Finance Posted 21 Jun 2017 My Price 6.00

If direct labor for the month is $80,000 and overhead is applied based on 75% of direct labor dollars

If direct labor for the month is $80,000 and overhead is applied based on 75% of direct labor dollars, what is the entry to apply overhead?a)Debit Work-in-Process Inventory $80,000; credit Payroll $80,000b)Debit Overhead—Applied $60,00; credit Work-in-Process Inventory $60,000c)Debit Work-in-Process Inventory $60,000; credit Overhead—Applied $60,00d)Debit Work-in-Process Inventory $80,000; credit Overhead—Applied $80,000

 

Answers

Alpha Geek
(8)
Status NEW Posted 21 Jun 2017 07:06 AM My Price 6.00

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Attachments

file 1498028618-1410931_1_636335663350050876_Overhead-Applied.xlsx preview (82 words )
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