Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. midiown, inc. uses a predetermined overhead alocat

Midiown, inc. uses a predetermined overhead alocation rate of $67 per direct labor hour, in...

50.1K

Verified Solution

Question

Accounting

image
Midiown, inc. uses a predetermined overhead alocation rate of $67 per direct labor hour, in January, the company complesed Job A23 which uskred 16 direct labor hours. Which of the following correctly deschbes the journal entry to aliocate overhead to the job? A. debit Manufactuning Overhead 567 and eredi Work - in - Process inventory 567 B. debit Finshed Goods inventory 51,072 and credi Manutacturing Overhead $1,072 C. debit Cost of Goods Sold $87 and credi Finished Goods inventory \$67? D. debit Work-in - Process inventory $1,072 and credi Manulactuing Oventead $1,072

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

Angle of prism is A and its one surface is silvered Light rays falling at...

Basic Math
1.2K views

A poll was taken of 13 533 working adults aged 40 70 to determine their...

Statistics
1.2K views

8 Every year the value of a car decreases The following graph illustrates the depreciation...

Calculus
1.2K views

x 2y 4 36 Find the solution set of this linear system 3x y 2...

Algebra
1.2K views

How many of the eleven integers greater than 10^7 and less than 10^7+12 are divisible...

Accounting
1.2K views

"JRTC is evaluating results for three separate business segments under his control. Selected financial information...

Accounting
1.2K views

The following is a partial trial balance for the Green Star Corporation as of December...

Accounting
1.2K views

CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise A-18 If Colleen Mooney invests $2,629.27...

Accounting
1.2K views

On July 23 of the current year, Dakota Mining Company pays $4,715,000 for land estimated...

Accounting
1.2K views

Waterways uses time and material pricing when it bids on irrigation projects. Budgeted data for...

Accounting
1.2K views

4. Based on the following data, what are total assets? Accounts payable...... Accounts receivable... Cash...........

Accounting
1.2K views

Exercise Al-9 Payment of payroll deductions LO3 Paradise Hills Berry Farm has 26 employees who...