16. XYZ Company listed the following data for 2025: Budgeted factory overhead Bu

Question

16. XYZ Company listed the following data for 2025: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours 1,044,000 72,000 24,000 1,037,400 72,600 23,600 Assuming no proration is done, the journal entry to dispose of overapplied/underapplied overhead, if overhead is applied based on direct labor hours, would include a debit to A) Work-in-Process Inventory C) Finished Goods Inventory E) Ra Materials Inventory B) D) Cost of Goods Sold. Factory Overhead.

Explanation / Answer

overhead rate 1044000/72000 14.5 overhead applied = 14.5*72600 1052700 since overhead applied is more than the actual overhead , so journal entry would include debit to d) Factory overhead - answer

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