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Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $175,570. Estimated direct labor cost was $447,070 for 18,100 hours.
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $175,570. Estimated direct labor cost was $447,070 for 18,100 hours. Actual costs for the most recent month are summarized here: Total Cost $44,708 Item Description Direct labor (1,810 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses 2,500 3,490 3,240 4,880 5,640 1,190 1,760 4,190 5, 340 Journal entry worksheet 2 3 Record the application of manufacturing overhead to production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the actual manufacturing overhead cost incurred. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journalStep by Step Solution
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