The following information relates to the manufacturingoperations of O\'Shaunessy
ID: 2433475 • Letter: T
Question
The following information relates to the manufacturingoperations of O'Shaunessy mfg Co. during the month of March. Thecompany uses job odrering cost.Prepare a general journal entries to summarize: e. Actual overhead costs for the month amount to $34,900( forsimplicity, you may credit Accounts Payable) f. Overhead is applied to jobs at a rate of $18 perdirect labor hour The following information relates to the manufacturingoperations of O'Shaunessy mfg Co. during the month of March. Thecompany uses job odrering cost.
Prepare a general journal entries to summarize: e. Actual overhead costs for the month amount to $34,900( forsimplicity, you may credit Accounts Payable) f. Overhead is applied to jobs at a rate of $18 perdirect labor hour
Explanation / Answer
(e) ManufacturingOverhead $34,900 Accounts Payable (or) Payroll $34,900 [To record the actual overhead cost for the currentmonth] (f) Work in ProcessInventory $36,000 Manufacturing Overhead $36,000 [To charge the Work in Process account withoverhead costs applied to jobs during the month ($18 per direct labor hour * 2,000direct labor hours = $36,000)] (e) ManufacturingOverhead $34,900 Accounts Payable (or) Payroll $34,900 [To record the actual overhead cost for the currentmonth] (f) Work in ProcessInventory $36,000 Manufacturing Overhead $36,000 [To charge the Work in Process account withoverhead costs applied to jobs during the month ($18 per direct labor hour * 2,000direct labor hours = $36,000)]Related Questions
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