Question
A manufacturing company applies factory overhead based on direct labor hours. The predetermined overhead rate = $12 per direct labor hour. Actual direct labor
A manufacturing company applies factory overhead based on direct labor hours. The predetermined overhead rate = $12 per direct labor hour. Actual direct labor hours were 36,000. Actual manufacturing overhead costs incurred were $377,200. The journal entry to apply the factory overhead costs would be Work in Process 377,200 Factory Overhead 377,200 Factory Overhead 432,000 Work in Process 432,000 Work in Process 432,000 Factory Overhead 432,000 Factory Overhead 377,200 Work in Process 377,200
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