Boulder Company uses a job order cost system and applies overhead based on estimated rates....
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Accounting
Boulder 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 $300,000 and direct labor hours of 60,000. For job 8365, direct labor hours were 500.
A)
None of these.
B)
Factory Overhead should be debited for $3,000.
C)
Factory Overhead should be credited for $3,000.
D)
Overhead Expense should be credited for $3,000.
E)
Overhead Expense should be debited for $3,000.
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