Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mona company has decided that ditect labor hours i

Mona Company has decided that ditect labor hours is a good basis on which to...

90.2K

Verified Solution

Question

Accounting

image
Mona Company has decided that ditect labor hours is a good basis on which to apply overhead to production. The predetermined overhead rate for the most recent year is $10 for each direct labor hour. The following data were colliected during the year: - Actual number of direct labor hours worked =25,000 hour - Actual amount of manufacturing overhead 5250,000 Mona Company applied manufacturing ovethead during the year, Which ONE of the following should be included in the summary journal entry necessary to record this application of manufacturing overhead? CREDIT to Work-in-Process inventory for $230,000 CAEDIT to Manufacturing Overhead for $230,000 CREDIT to Work:in-Process Inventory for $250,000 CREDIT to Manufacturing Overhesd for $250,000 For the year, Wiltard Company had actual munufacturing overhesd of $100,000 und applied manufacturing overhead of $117,000. method for the end-of year closing of the manufacturing overhead acrount. CREDIT to Cost of Goods Sold for $17,000 CREOIT to Work-in-Process imventory for $100000 Cretoir to Manufacturing Overthead for $17,000 DEBit re cost of Goods sold for $100,000

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

Electrical Engineering
1.2K views

What is the difference between A. Scanning Electron Microscope (SEM) B. Transmission Electron Microscope (TEM) C....

Biology
1.2K views

p53 is a tumor suppressor gene mutations in p53 are seen in more than 50...

Physics
1.2K views

1 What is the enthalpy of a system with a diatomic gas whose pressure is...

Calculus
1.2K views

6 Use reference angles to find the value of the function cos 205 A 0...

Calculus
1.2K views

Use a graphing calculator to find where the curves intersect and to find the area...

Accounting
1.2K views

1. The idea of extending corporate accounting, reflecting to intergrated reporting and respect to social...

Accounting
1.2K views

Andy has three daughters, ages 10, 12, and 19. What is the amount of child...

Accounting
1.2K views

Scot and Vidia, married taxpayers, earn $242,000 in taxable income and $5,300 in interest from...

Accounting
1.2K views

Craylon Manufacturing produces a single product that sells for $100. Variable costs per unit equal...

Finance
1.2K views

Answer 2 Questions Below Who prefers call provisions on corporate...

Finance
1.2K views

16) You have a sub-contracting job with a local manufacturing firm. Your agreement calls for...

Finance
1.2K views

Question 18 3 points avec Quirk Drugs sold an issue of 30-year $1,000 par value...