Manufacturing overhead was applied to production at 60 percent of the direct labor cost of $10,000. The entry under perpetual in

Question

rosijanka [135]

3 years ago

15

Manufacturing overhead was applied to production at 60 percent of the direct labor cost of $10,000. The entry under perpetual in

ventory procedure is

Business

1 answer:

tamaranim1 [39] · Answer 1 · 2022-06-04T21:46:43+03:00

Answer:

Dr Work in Process Inventory for $6,000

Cr Manufacturing $6,000

Explanation:

Preparation of The journal entry under perpetual inventory procedure

Based on the information given if the Manufacturing overhead was applied to production at 60% of the direct labor cost of the amount of $10,000 which means that The journal entry under perpetual inventory procedure is :

Dr. Work in Process Inventory for $6,000

Cr Manufacturing $6,000

(60%*$10,000)