minstrel

The overhead cost applied to a job during a period is recorded with a credit to Factory overhead and a debit to: Jobs overhead Expense. Cost of Goods Sold. Finished Goods Inventory. Indirect Labor. Work in Process Inventory. Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $160,000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are: $40,000. $470,000. $500,000. $570,000. $540,000 A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $20,000? $5,000. $16.000. $25,000. $125,000. $25,000