Question
During the month of August, Grandlin Gears applied overhead to jobs using an overhead rate of $0.75 per dollar of direct labor. Direct labor in
During the month of August, Grandlin Gears applied overhead to jobs using an overhead rate of $0.75 per dollar of direct labor. Direct labor in August was $156,000. Estimated overhead in August was $115,600. Actual overhead was composed of the following items:
Indirect Materials $16,400
Indirect Materials 22,000
Utilities 24,500
Depreciation 38,700
Repair Expense 13,500
Total Expense 115,100
How much will Grandlin Gears record as a debit to Manufacturing Overhead during the year?
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
