A company's Factory Overhead account shows total debits of $120,000 and total credits of $105,000. To adjust for any overapplied or underapplied factory overhead, the journal entry would be: None of the answers are correct. Debit Factory Overhead for $105,000 and credit Cost of Goods Sold for $105.000. Debit Cost of Goods Sold for $15,000 and credit Factory Overhead for $15,000. Debit Factory Overhead for $15,000 and credit Cost of Goods Sold for $15,000. Debit Cost of Goods Sold for $120,000 and credit Factory Overhead for $120,000. Bret's RV Manufacturing uses job order costing to account for it's manufacturing costs. The company estimates total manufacturing overhead costs for the coming year to be $282,783. The total direct materials costs are estimated to be $784,555. The total direct labor hours estimated to be 67,670 hours with direct labor costs estimated at $541,365. What is the Predetermined Overhead rate if the company applies overhead based on direct labor hours? 36.04% 23.93% 4.18% 52.24% 417.89% In a job order cost accounting system, which journal entry would be made when raw materials are transferred into production during the month? Debit Factory Overhead and Credit Raw Materials Inventory Debit Goods in Process Inventory and Credit Raw Materials Inventory Debit Raw Materials Inventory and Credit Goods in Process Inventory Debit Goods in Process Inventory and Credit Materials Expense Debit Finished Goods Inventory and Credit Goods in Process Inventory Which of the following costs are considered actual factory overhead and therefore would be debited to the factory overhead account when incurred? Indirect labor Indirect materials Depreciation on factory equipment All of the answers are correct. Factory supervisory salaries