During the period, labor costs incurred on account amounted to overhead cost 175,000, including $150,000 for...

During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 for general factory use. Factory overhead applied to production was $32,000. The entry to record the actual factory overhead costs incurred is

a.Factory Overhead 32,000
Accounts Payable 32,000

b.Accounts Payable 25,000
Factory Overhead 25,000

c.Work in Process 25,000
Wages Payable 25,000

d.Factory Overhead 25,000
Wages Payable 25,000

Expert Solution

Answer : D) Debit factory Overheads : $25,000 , Credit Wages Payable : $25,000

To record the actual factory overheads, Enter the factory overheads to the debit with Actual cost incurres , Credit to the Wages Payable for the amount of Factory Overheads.

ekkarill92 answered 2 years ago

The cost of production of completed and transferred goods during the period amounted to $540,000, and...

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In September, Lauren Ashley Company purchased materials costing $220,000 and incurred direct labor cost of $150,000....

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company produces washers and dryers in an assembly - line process Labor costs incurred during a...

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Ash Company incurred direct materials costs of $1,600,000 during the year. Direct Labor costs were $600,000....

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