During the period, labor costs incurred on account amounted to $250,000 includin
ID: 2369594 • Letter: D
Question
During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition factory overhead applied to production was $23,000. From the followin, select the entry to record the actual factory overhead costs incurred.a) Accts Payable.....$50,000
FActory Overhead......$50,000
b) Factory Overhead.....23,000
Accts Payable..............23,000
c) Work in Process.....$50,000
Wages Payable..........$50,000
d) Factory Overhead.....$50,000
Wages Payable............$50,000
Explanation / Answer
During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition factory overhead applied to production was $23,000. From the followin, select the entry to record the actual factory overhead costs incurred. b) Factory Overhead.....23,000 Accts Payable..............23,000
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