Question
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $343,900 and direct labor hours would be 43,400. Actual manufacturing overhead costs incurred were $317,800, and actual direct labor hours were 54,100. The journal entry to apply the factory overhead costs for the year would include a
a.debit to Factory Overhead for $428,472
b.debit to Factory Overhead for $317,800
c.credit to Factory Overhead for $428,472
d.credit to Factory Overhead for $343,900
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