Mayer Company uses a job order cost system and applies overhead based on estimated rates for work in their factory. The overhead application rate is based on total estimated overhead costs of $400,000 and direct labor hours of 50,000. For job 836, direct labor hours were 700 for the month of December. What is the appropriate journal entry for job 836 for the month of December?

options:

a)Factory Overhead should be credited for $5,600.

b)none of these

c)Finished Goods Inventory should be debited for $5,600.

d)Factory Overhead should be debited for $4,200.

e)Work in Process should be credited for $3,200.

For job 500, there were 1,000 direct labor hours, and actual overhead was $600 for depreciation and $1,400 for indirect labor. Overhead is applied at $2 per direct labor hour. Which account should be debited for $2,000?

options:

a)Factory Overhead

b)Cost of Goods Sold

c)Work in Process

d)Cost of Goods Manufactured

e)none of these