Taylor Corporation uses a job order costing system and allocates manufacturing overhead at a rate of $30 per machine hour. During the period, the company used 800 machine hours and actually incurred manufacturing overhead costs of $23,800.

Prepare the summary journal entry to record:

a. Total manufacturing overhead allocated to jobs during the period.

b. Actual overhead costs incurred during the period (make the credit portion of the entry to "various accounts").

c. To close the Manufacturing Overhead account directly to Cost of Goods sold at the end of the period.

1. value: 10.00 points Taylor Corporation uses a job order costing system and allocates manufacturing per machine hour. During the period, the company used 800 machine hours and actually incurred manufacturing overhead costs of $23,800. overhead at a rate of $30 Prepare the summary joumal entry to record: a. Total manufacturing overhead allocated to jobs during the period. b. Actual overhead costs incurred during the period (make the credit portion of the entry to "Various Accounts") c. To close the Manufacturing Overhead account directly to Cost of Goods Sold at the end of the period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction listvew general journal view transaction list view general journal Transaction General Journal Debit Credit Work in process inventory Manufacturing overhead a. b. Manufacturing overhead 23,800 Various accounts 23,800 Manufacturing overhead Cost of goods sold c