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17 April, 06:17

What is the journal entry for the application of Factory Overhead to Work in Process if the driver is imprints, the rate is $1. 80 per imprint, and the imprint meter reads 1,780 at the start of the day and 2,890 at the end of the day?

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  1. 17 April, 10:14
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    Work in Process1,998

    Factory Overhead1,998

    Explanation:

    The imprints that were performed for the day is the ending imprint less the starting imprint

    Days work = 2,890 - 1,780

    Days work = 1,110

    The rate is $1.80 per imprint.

    So for the days work total cost is (1,110 * 1.80) = $1,998

    When applying factory overhead there is increase in work in progress and a decrease in factory overhead

    So the journal entry is

    Work in Process $1,998

    Factory Overhead $1,998
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Home » Business » What is the journal entry for the application of Factory Overhead to Work in Process if the driver is imprints, the rate is $1. 80 per imprint, and the imprint meter reads 1,780 at the start of the day and 2,890 at the end of the day?
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