Question
Galbraith Company applies overhead cost to jobs on the basis of $8.00 per labor hour. If Job 201 shows 6,000 hours of labor time worked
Galbraith Company applies overhead cost to jobs on the basis of $8.00 per labor hour. If Job 201 shows 6,000 hours of labor time worked on it, then the entry to apply overhead to Job 201 would include a:
| a. credit to Cost of Goods Sold for $48,000 | ||
| b. credit to Work in Process for $48,000 | ||
| c. credit to Manufacturing Overhead for $48,000 | ||
| d. debit to Finished Goods for $48,000 |
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Management Accounting
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Susan Wolcott
2nd Edition
1742166148, 978-1742166148
