3 years ago

Entries for Direct Labor and Factory Overhead

Business

1 answer:

iren2701 [21]3 years ago

7 0

Answer and Explanation:

The journal entries are shown below:

Work in process inventory ($4,640 + $5,510 + $6,612 + $12,760 + $18,270) $47,792

Factory Overhead $12,500

Factory Wages $60,292

(being the factory labor cost is recorded)

Work in process inventory ($47,792 ÷ 29 × 23) $37,904

To Factory Overhead $37,904

(being the factory overhead applied to production is recorded)

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