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15 Assume that actual overhead consisted of $20,000 for indirect labor, $20,000 for indirect material, and $15,000 for depreciation of factory equipment. Based on the
15
Assume that actual overhead consisted of $20,000 for indirect labor, $20,000 for indirect material, and $15,000 for depreciation of factory equipment. Based on the preset rates, $50,000 of overhead was applied to work in process. Which of the following statements is true?
Question 15 options:
a)
none of these
b)
there will be a $5,000 debit balance in Factory Overhead
c)
there will be a $10,000 credit balance in Factory Overhead
d)
there will be a $5,000 credit balance in Factory Overhead
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