Ask Question
19 May, 11:25

Manufacturing overhead is applied on the basis of direct labor cost. entries in the t-accounts are related if they have the same reference letter. for example all entries with the reference (b) are part of the same journal entry. using the t-accounts beow select the amount which corresponds to the entry described.

+5
Answers (1)
  1. 19 May, 15:23
    0
    The cost of goods manufactured is $1,170,000.

    The amount of applied overhead is: $100,000

    The amount of direct labor incurred during the period was: $100,000

    Amount of direct materials used is: $100,000

    Total amount of raw materials used during the period is:$100,000

    The amount of indirect labor incurred during the period was: $1,170,000.

    Manufacturing Overhead over or under applied? $1,170,000.

    The predetermined overhead rate was:$1,170,000.

    The amount of raw materials purchased during the period is: $100,000

    Amount of indirect materials used is: $100,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Manufacturing overhead is applied on the basis of direct labor cost. entries in the t-accounts are related if they have the same reference ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers