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Required information Actual overhead costs are recorded as debits to the Factory Overhead account. Estimated overhead costs are allocated, using a predetermined overhead rate, to the different processes. This allocated amount is credited to the Factory Overhead account and debited to the Work in Process Inventory account for each separate process. Indirect materials Factory overhead Work in process 8 Applied overhead Other overhead Indirect labor Knowledge Check 01 The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as Incorrect.) Factory overhead 8 Applied overhead Work in process Other overhead Indirect labor Knowledge Check 01 The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 2 Debit to Factory Overhead 2 Credit to Factory Overhead Debit to Factory Utilities Payable 2 Credit to Factory Utilities Payable 2 Credit to Raw Materials 2 Credit to Factory Wages Payable