Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. davis manufacturing uses a standard cost system. t

Davis Manufacturing uses a standard cost system. The allocation base for overhead costs is direct...

60.1K

Verified Solution

Question

Accounting

Davis Manufacturing uses a standard cost system. The allocation base for overhead costs is direct labor hours. Actual variable manufacturing overhead costs were $43,000 and actual fixed overhead costs were $28,000. Allocated variable overhead costs (variable and fixed)-was $65,000. What is the journal entry to record the overhead costs incurred? (Use Various Accounts to simplify the offsetting entry when several accounts could be involved.)
A. Various Accounts
B. Manufacturing Overhead
C. Various Accounts
D. Manufacturing Overhead Various Accounts
65,000
Manufacturing Overhead
Various Accounts
65,000
71,000
Manufacturing Overhead
71,000
71,000
71,000
71,000
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

A glow worm of mass 5 0 g emits red light 650 nm with a...

Biology
1.2K views

Which of the following is considered part of the Public Works Project O Creating the...

Physics
1.2K views

If an ideal gas changes from state 1 to state 2 as shown in figure...

Geometry
1.2K views

9 Sketch the path made by the midpoint of a radius of a circle if...

Calculus
1.2K views

4 15 cos x y if sin x 54 5 COS X sin y and...

Algebra
1.2K views

Find the vertex of the parabola and then graph it.x = 7yThe vertex is(Type an...

Accounting
1.2K views

You have completed a 3 statement model for Coles, a leading grocery retailer...

Accounting
1.2K views

High Country, Incorporated, produces and sells many recreational products. The company just opened a new...

Accounting
1.2K views

step by step no excel only formula An investment...

Accounting
1.2K views

Exercise 20-3 Terminology in process costing LO C1, A1 Select each of the items with...

Accounting
1.2K views

Using the DuPont method, evaluate the effects of the following relatonships for the Lollar Corporation...

Accounting
1.2K views

Can the answer be determined from the given information, if so what is it? ...