Question
Please, help ASAP with this If the balance of Work in Process at August 31 is $197,380, what was the amount debited to Work in
Please, help ASAP with this
If the balance of Work in Process at August 31 is $197,380, what was the amount debited to Work in Process for direct materials in August?
Selected accounts with some debits and credits omitted are presented as follows:
Select the correct answer.
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The Thomlin Company forecasts that total overhead for the current year will be $11,057,281 and that total machine hours will be 168,102 hours. Year to date, the actual overhead is $7,952,306 and the actual machine hours are 82,719 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date) the overhead is over/under applied by?
Select the correct answer.
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Poobah Manufacturers Inc. has estimated total factory overhead costs of $86,257 and 11,468 direct labor hours for the current fiscal year. The company uses direct labor hours to apply overhead. If job number 117 incurred 1,342 direct labor hours, the work in process account will be debited and factory overhead will be credited for: Select the correct answer.
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Work in Process Goods finished Aug.01 Aug.31 Aug.31 Balance $258,300 Aug.31 $145,800 Direct materials Direct labor Factory overhead $34,400 Aug.31 Factory Overhead Aug.01-31 Costs incurred $106,870 Aug.01 ug.31 Balance Applied (30% of direct labor cost) $14,030
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